Boston, MA 02\/12\/2013 (wallstreetpr) – Alertness against complacency and relinquishment has been one of the prime movers behind Samsung Electronics Co.\u2019s transformation from a television set maker with market valuation barely above $2 billion to a $200 billion electronics gadgets giant.<\/p>\n
To their employees, the chairman, Lee Kun Hee said, \u201cForget about the past and start anew. We must search out new businesses that\u00a0Samsung\u2019s survival depends on.\u201d<\/p>\n
Samsung\u2019s advancement into the flat-screen TV business has swallowed up a huge share of Japanese rivals Sony Corp. that trades at the NYSE as \u00a0Sony Corp. (ADR) (NYSE:SNE) and Sharp Corp. (PINK:SHCAY)\u2019s market share. The 14-year monopoly enjoyed by Nokia Oyj. in the cellular phone business has been cut short by Samsung\u2019s Galaxy series of phones. Chips-maker Elpida Memory Inc. has been bankrupted by Samsung\u2019s persistent interest in the chip-manufacturing business. And now, Apple Inc. (NASDAQ:AAPL)\u2019s products are being outsold.<\/p>\n
Apple\u2019s relationship with Samsung has taken a new turn following the $1 billion lawsuit filed by the California-based manufacturer of iPhones against the Korean multinational.<\/p>\n
Samsung has surpassed Apple\u2019s market share in the Smartphone business, rising from 19.9% to 30.4% last year.<\/p>\n
Samsung has been relying on Google Inc. (NASDAQ:GOOG)\u2019s Android software as well as Microsoft Inc (NASDAQ:MSFT)\u2019s new wireless technology. It has thus developed strong ties with two of Apple\u2019s biggest rivals in the U.S. Lee Jin Woo, a South Korean Samsung stock holder said, \u201cSamsung is trying to get ready for a possible breakup with Apple. Samsung will make another big push into tablets.\u201d<\/p>\n
The competition between the two Smartphone makers will be worth a watch because of the $400 billion market at stake and the contrasting business designs of the two.<\/p>\n
However Apple, which relies on Samsung for processors, will have to look for alternative suppliers to meet the rising demand. Hence, complete breaking up of the ties is a lengthy and complex issue since alternative suppliers like Taiwan Semiconductor manufacturing Company, AU Optronics Corp. (NYSE:AUO) and Innolux Corp. will have to scale up their manufacturing capabilities to fill in the void.<\/p>\n
Analysts have put the estimate of net income in 2013 as $27.4 billion. In the last quarter, Samsung\u2019s net income rose as much as 76%. Currently, majority of the profits come from the phone segment.<\/p>\n
Woo Nam Sung; the System LSI head has said that Samsung is a whole company. He was quoted as, \u201cThe only company that has logic, memory and display is\u00a0Samsung.\u201d<\/p>\n
Analysts\u2019 recommendations to buy Apple\u2019s stock fell on deaf ears as investors have given a thumbs-down to the shares. Software rivals like Google have been instrumental in lowering Apple\u2019s market value.<\/p>\n
Apple\u2019s commitment to the high-end devices has cost it significant customer-base in the middle-range segment.<\/p>\n
When the current heir to the business took over, Samsung was not in its prime, facing stiff competition from Hitachi Ltd. (PINK:HTHIY),\u00a0Toshiba Corp. (PINK:TOSBF)\u00a0and\u00a0NEC Corp. However, the results of the company\u2019s commitment and seven-day- a- week work culture are here to see.<\/p>\n
Samsung was sued by Apple of $1 billion after the latter accused Samsung of copying designs in its newly-launched Smartphone. Experts say that Samsung is making fast progress in indigenous designs and innovations. Mobile companies are seen as the most sought after companies to be employed in. These days, a patent war between Apple and Samsung has resulted in the relationship between the two getting even sourer.<\/p>\n
Sony Corporation (ADR)\u00a0(NYSE:SNE) shares were down by 2.33% and currently trading at $14.64.\u00a0Sharp Corporation (ADR) (PINK:SHCAY) shares were down by 3.84% and currently trading at $3.51. \u00a0Apple Inc (NASDAQ:AAPL) shares were down by 0.87% and currently trading at $475.89. Google Inc (NASDAQ:GOOG) shares were up by 0.50% and currently trading at $786.16.\u00a0Microsoft Corporation (NASDAQ:MSFT) shares were down by 0.13% and currently trading at $27.82.\u00a0AU Optronics Corp. (ADR) (NYSE:AUO) shares were up by 0.26% and currently trading at $3.90. Hitachi, Ltd. (ADR) (PINK:HTHIY) were down by 0.88% and currently trading at $56.60. Toshiba Corp(PINK:TOSBF)\u00a0shares were up by 0.18% and currently trading at $4.51.<\/p>\n","protected":false},"excerpt":{"rendered":"
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