Samsung Electronics Co (OTC:SSNLF) looks reportedly set to challenge Apple Inc. (NASDAQ:AAPL) and Alphabet Inc.-owned (NASDAQ:GOOGL) Google head-on in the mobile gaming arena as it reportedly ventures into cloud gaming for smartphones.
What Happened: The Korean electronics giant is expected to officially announce this venture on Oct. 5, according to a report by Korea Economic Daily, as it views cloud gaming as a promising untapped space with a favorable future, even as the smartphone market experiences a slowdown.
Unlike competitors like NVIDIA Corporation (NASDAQ:NVDA) and Microsoft Corporation (NASDAQ:MSFT), Samsung’s cloud gaming platform will primarily target smartphones.
The platform is expected ...