Video: Samsung's 5x bump in mobile data speed

The company hopes the jump in speed will help catapult smartphone sales as well

Samsung has developed Wi-Fi technology that can increase mobile data speeds significantly -- up to five times faster than current technology, in fact. As Bloomberg's Shery Ahn says in the below video, it could be the pickup Samsung needs for its flagging smartphone sales.

The speed boost comes from shifting Wi-Fi from the 2GHz-to-4GHz frequency range to 60GHz. The result? A 1GB chunk of data can be transferred in three seconds. Samsung aims to bring the speedy technology to market early next year.

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