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News
Samsung Ready to Take On iTunes
Sunday, October 30th, 2005 at 2:00 PM - by Jeff Gamet
Samsung announced that it is developing an iTunes-like application and music service in an effort to improve its MP3 player sales, according to The Korea Times. No date for Samsung's music service has been set yet.
Choi Gee-sung, Samsung's president, commented "We are now in talks with our partners to debut a service program like iTunes of Apple. Our No. 1 priority is to help customers use our products with ease."
Compared to the iPod, Samsung's MP3 player sales are tepid. The company sold only 1.7 million units last year. In contrast, Apple sold 22.5 million iPods. Apple's dominance in the music market will be difficult to beat. Samsung's best bet may be to focus on markets that Apple hasn't entered yet, like China and Southeast Asia.
Samsung's strong suit is in manufacturing memory chips like the ones used in the iPod, which has landed it in some trouble. The company recently pleaded guilty in an investigation for price fixing, and was negotiating a memory chip deal with Apple that fell through.
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