- Lee Byung Chull started Samsung on march in 1938 in Taegu, Korea.
- It was initially started as Grocery Store.
- Entered in electronics in 1960.
- In early days it used to sell Korean dried fish vegetables, noodles.
- These days Samsung has varieties of products. It has investments in Insurance, Securities, Telecommunications, Electronics devices, Petrochemicals etc.
- No doubt it is the leader of smart phones.
- Many daily household products come from Samsung.
Revenue
- In 2014 Samsung generated a revenue of 305 billion dollars.
- Revenue of 187 Billion dollars and full-year 2016 operating profit of 2.7 billion
- It uses 489,000 employee to generate such revenue.
- As it is the leader of smart phones same is the case in other products.
- Lunch of Android is blessings for Samsung smart phones.
- It has tough competitions with Apple, Huawei, Xiaomi, Oppo.
- In whole it has comepetition with the companies like Sony, Panasonic, Sharp Corp, LG etc.
- Samsungsung has made life easier as it has varieties of products.
- It has great impact on household use. Most of washing machine, fridge, vacuum cleaners, many furniture, mobiles etc.
- Thus Samsung made the world easier and better. Hence it often says
Imagine the amazing things we can build
- Phones ; “DO BIGGER THINGS”
- TVs ; “TV’s NEXT INNOVATION
- Appliances; “BRING IT HOME”
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