The Rise of Samsung smartphones: Samsung is a multinational conglomerate company. Its headquarters are in South Korea in Samsung town Seoul. It is the largest South Korean company. Samsung was founded by Lee Byung Chul in 1938 as a trading company. In the next three decades, the company diversified into food processing, textiles, insurance, securities, and retail. The major turning point of Samsung was when it entered the electronics market in the late 1960s. Through entering the electronics department, Samsung became one of the famous electronics company in the world. It is the world’s largest electronics company in the world. It is sixth-highest global brand value in the world.
The Rise of Samsung smartphones
Following Lee died in 1987, Samsung was divided into 4 parts namely Samsung group, Shinsege group, CJ Group, and Hansol Group. From the year 1990 Samsung has largely focused on increasing its electronics globally, especially in mobile, tv and home appliances. It is the world’s largest mobile manufacturing company in the world. It is also the world’s most selling mobile company.
Samsung is also the world’s 2nd largest ship maker company in the world. The other notable subsidiaries of Samsung is its life insurance company. It is the 14th largest life insurance company in the world and the largest insurance company in South Korea. Samsung also operates Everland Resort, the oldest theme park in South Korea. Chief Worldwide is the world’s fifteen largest advertising company in the world in terms of revenues.
In the year 2018, Samsung mobile company has sold more than Rs292 million smartphones worldwide. Samsung is known for its consumer products and it the global leading smartphone vendor. Its most selling is the Samsung galaxy android phone. The galaxy model changed the fortunes of Samsung in the smartphone market. Today it accounts for more than 21% in mobile market share. Samsung is also the world’s largest tv manufacture company in the world. It accounts for a 20% share in the mobile market. It also launched the first fully HD led tv. It also accounts for more than 50% of the 75-inch tv sales worldwide. It has a 28% share in the premium segment which includes a front load washing machine. Samsung is also one of the major companies in the world by providing medical equipment for the health sector department globally.
Samsung also has a powerful influence in South Korea in the field of politics, economy, and media. Samsung accounts for 17% of the GDP of South Korea.