Market Chatter: Samsung Electronics' SmartThings Globally Hits 350 Million Users

MT Newswires Live

Sep 09, 2024

Samsung Electronics' (KRX:005930) cloud platform SmartThings reported 350 million users globally as of August, with over 340 brands integrated into its connected device ecosystem, Pulse News reported Friday.

SmartThings, acquired by Samsung in 2014, enables connectivity across Samsung and partner devices, according to the report.

Samsung Electronics' shares were down 2% in recent trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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