Dolby, Samsung Tie Up To Bring Dolby Atmos On Mobile Devices
Zacks Investment Research | Feb 25, 2018 09:33PM ET
Dolby Laboratories, Inc. (NYSE:DLB) recently announced its collaboration with Samsung Electronics (KS:005930) Co., Ltd., to introduce Galaxy S9 and Galaxy S9+ mobile devices with Dolby Atmos experience.
The Dolby Atmos experiences will be available on these mobile devices, creating powerful moving audio experience via headphone and built-in speakers. Also, Dolby has plans to expand the powerful audio experiences in additional devices for improving consumer experience. Notably, Galaxy S9 and Galaxy S9+ owners can now enjoy a more enveloping soundfield, greater subtlety and nuance, crisper dialogue as well as consistent playback volume for various contents.
Our Take
Dolby has continued its long-standing partnerships with industry frontrunners like Netflix Inc. (NASDAQ:NFLX) and Amazon.com, Inc. (NASDAQ:AMZN) . In fact, in 2017, Netflix had started streaming in Dolby Atmos and currently offers combined Dolby Vision and Dolby Atmos experience to its global subscriber base. We believe that the company’s lookout for bringing new audiovisual experiences to the market presents an opportunity to grab a greater market share.
However, this Zacks Rank #4 (Sell) company’s shares have been witnessing a dismal run on the bourse, of late. In the past three months, Dolby's shares have declined 0.6% against the Original post
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