Samsung will start selling smartphones this year featuring the Tizen operating system backed by Intel.
"We plan to release new, competitive Tizen devices within this year and will keep expanding the lineup depending on market conditions," Samsung said. The company did not elaborate on model specifications, prices or timeframe for their debut.
The new handsets will come as Samsung looks to reduce its reliance on Google's Android operating system after the internet search company acquired handset maker Motorola Mobility Holdings US$12.5 billion in May. Executives from Intel, Samsung, NTT DoCoMo and Vodafone Group formed the Tizen Association last year to support the open-source software.
"The Tizen was born as Samsung hoped to lighten its growing dependence on Google on concerns that its top position in the smartphone market may weaken following the Google- Motorola tie-up," Byun Han Joon, an analyst at KB Investment & Securities in Seoul, said. "Intel always wanted to boost its presence in the mobile CPU market."
Google, operator of the world's most-popular search engine, plans to devote more attention to mobile devices as its rivalry with Apple accelerates. Samsung is the biggest seller of devices running Android in the $219bn global smartphone market.
Samsung reported record profit in the three months ended September 30 amid surging sales of its Galaxy smartphone. More than two-thirds of the earnings were generated by the telecommunications business, according to the company.
Samsung shipped 56.9 million smartphones in the third quarter, giving it a record 35 per cent market share, compared with 17 per cent for Apple, researcher Strategy Analytics said in October. In total handset sales, including basic types, Samsung remained the top seller, researcher IDC said separately.
The LiMo Foundation and Linux Foundation said in September 2011 they would jointly develop Tizen for use in devices including mobile phones and TVs.
In 2009, Samsung released its Bada platform, which is mainly used in lower-end smartphones sold in Europe and emerging markets.
* Bloomberg News
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
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How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
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Uefa Champions League final:
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Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
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Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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Name: Yousef Al Bahar
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Engine: four-litre V6 and 3.5-litre V6 twin-turbo
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Abu Dhabi Harlequins 36 Bahrain 32
Harlequins
Tries: Penalty 2, Stevenson, Teasdale, Semple
Cons: Stevenson 2
Pens: Stevenson
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Cons: Radley 2
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Man of the match: Craig Nutt (Harlequins)
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MATCH INFO
Uefa Champions League semi-final, first leg
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When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
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Uefa Champions League semi-finals, first leg
Liverpool v Roma
When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome
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Tuesday, April 24 (10.45pm)
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