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Samsung Remains A Powerhouse In The Information Technology Sector

Written by Onyia Ifeluwa

15 Aug, 2017

What do we know about Samsung? It is reported that Samsung is the world’s second largest information technology company by revenue, after Apple.

Remarkably, Samsung Electronics has assembly plants and sales networks in 80 countries and employs around 370,000 people. Since 2012, Kwon Oh-hyun has served as the company’s CEO.

Not sure you know Samsung is the world’s largest manufacturer of mobile phones and smartphones fueled by the popularity of its Samsung Galaxy line of devices. The company is also a major vendor of tablet computers, particularly its Android-powered Samsung Galaxy Tab collection, and is generally regarded as pioneering the phablet market through the Samsung Galaxy note family of devices.

You also need know that Samsung has been the World’s largest television manufacturer since 2006, and the world’s largest manufacturer of mobile phones since 2011.

The company has set an ambitious goal of reaching $400 billion in annual revenues within ten years. The company has 24 research-and-development centers around the world, and since the early 2000s and in the Vision 2020, Samsung has emphasized technical research and development. However, the large number of online complaints indicate that the company is weak at listening to customer feedback regarding the design of its technology and software.

In Q1 2015, Samsung’s profit dropped 39% to USD4.35 billion due to heavier smartphone competition from Apple’s iPhone 6 and 6 Plus, as well as a slew of Android competitors.

On 2 May 2017, Samsung has been given permission from The Ministry of Land, Infrastructure and Transport of Korea to start testing a self-driving car technology. According to the Korea Herald, the company will be using a customized Hyundai car for the tests.

The company focuses on four areas: digital media, semiconductor, telecommunication network and LCD digital appliances.

The company overtook Apple in worldwide smartphone sales during the third quarter 2011, with a total market share of 23.8 percent, compared to Apple’s 14.6 percent share. Samsung became the world’s largest cellphone maker in 2012, with the sales of 95 million smart phones in the first quarter.

During the third quarter of 2013, Samsung’s smartphone sales improved in emerging markets such as India and the Middle East, where cheaper handsets were popular. As of October 2013, the company offers 40 smartphone models on its US website.

The above are what I have gathered about Samsung on the surface so far; please feel free to share with me any information on Samsung you feel should be added to this article.

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