Samsung Net Worth: 16 Million
I lately wanted to buy a new television for my living room but was not really certain of which brand to go for. I thereby made a decision to research the market before producing a final decision. After exploring the electronic world outside, I realized that Samsung has acquired a exceptional standing and name in the electronic world recently. Everywhere when I looked around, I could see Samsung products lined up ranging from tvs to cameras to mobiles. All of the products were accessible within distinct price ranges that could well be afforded with a middle class individual to high class societies.
This rapidly growing name and popularity of Samsung encouraged me to learn more about the organization and its net worth share in the market amongst all other competitors.
Entire Employees :427,000
Samsung’s rebellion Samsung was going good in the market with its tvs, cameras and mobiles until a revolution aroused together with the launching of Samsung Galaxy S, business’s first smart phone where S stands for ‘Supersmart’. You will be surprised to learn that the business had surpassed Nokia with all the launch of Samsung Galaxy S and became the largest mobile phone manufacturer of the planet after Nokia had ruled the department for more than a decade.
Employee Turnover Being a leading MNC business they are substantially centered on the near future of technology development and that is they lately they had spent over $11 billion on R & D. According to the sources, the business ‘s net worth was estimated to cross over $200 billion last to last year therefore making Samsung the 15th largest firm worldwide. There was a cosmic increase of 42% in the net profit of the firm this past year and hence the business had announced a capital investment plan worth $100 billion last month. According to the reports, Samsung Electronics holds a market cap of more than $ 180 billion and has a head count of more than 90,000 employees across the earth.
Position in the market As far as Samsung’s positions are concerned against its competitors, it has been placed 12th with regard to the sales, 9th when it comes to world’s most valuable brands and 24th concerning the market value.
As far as their mobile phones are worried, its market share is 35% with Apple as its largest challenger. In the region of digital cameras, it holds a market share of around 12% and even competes against Sony.
Well, all in all I firmly believe that Samsung is one brand that can really fulfill a layman’s requirement in the shape of a phone, camera or television, together with the most economical prices and fascinating quality. This study has made my selection simpler and final and I’m planning to buy a Samsung television next week.