Samsung invests $58 million to make sure the stylus stays in style
Samsung invests $58 million to make sure the stylus stays in style
When Samsung (005930) announced the S-Pen stylus with the Galaxy Note, we, like the rest of the world, laughed it off. The stylus was a big accessory in the days of the Palm Pilot and other PDA devices, however times had changed. Since the rise of the modern smartphone, the stylus was effectively killed of, or so we thought. Samsung has since expanded its S-Pen offering to its Galaxy Note 10.1 tablet and it is one of the company’s largest selling points. To ensure that we will never be without the stylus ever again, Samsung has invested in Wacom, a company know for its digital drawing pads and stylus pens. Samsung has acquired a 5% stake in the manufacturer, who are actually the ones behind the company’s S-Pen, for a mere $58.2 million.
