profit$221.6 billion innovated 1938 Headquarters Suwon, Gyeonggi Province, South Korea
Main technology products/ services Consumer electronics, Health technology
Samsung us Apple’s biggest contender in consumer electronics. The South Korean tech company actually has an indeed broader portfolio within the consumer electronics request than Apple. Samsung is a leading manufacturer for TVs, hard drives, cameras, etc. Like for Apple, smartphone deals remain Samsung’s biggest profit sluice, still. Outside the consumer electronics request, Samsung has also managed to establish itself as a leading company in the health technology request.
Samsung is a South Korean company firstly innovated as a grocery trading store by Lee Byung- Chull in March 1938. The company forayed in the electronics assiduity in 1969 and its first electronic product was a black- and-white TV. Soon, the company also started exporting its products and came a major electronic manufacturer in its home country. In 1970, the company acquired a 50 per cent stake in Korea Semiconductor.
Witnessing a rapid-fire expansion in the early 1980s, the company established separate branches for its colorful electronics businesses. It’s at this time that the company also made investments in two exploration & development institutes which helped it come the request leader in information technology services. By 1990s, the company had come one of the top five electronics makers in the world and was substantially known for its semiconductors, TV defenses and other technology products.
Samsung forayed into mobile phones in 2000 with the launch of a point phone with erected- in camera that could take up to 20 prints at a time. By late 2000, the company had launched several phones, but its global success story started with the launch of the Galaxy S series of smartphones that used the company’s OLED screen technology and hummingbird processor. Besides smartphones, the company is also a major seller of tablet computers, particularly Android- powered Samsung Galaxy Tab- series, and is regarded as the originator of the phablet order through its Samsung Galaxy Note- series bias.
With only won( aboutUS$ 27), Lee Byung- chul started Samsung as a trading company grounded in a megacity called Taegu in 1938. With 40 workers, Samsung began as a grocery store, trading and exporting goods produced in and around the megacity. It vended dried Korean fish and vegetables, as well as its own polls.