Tuesday, April 25, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
C-Lab's FaceSense Introduces Biometric-based VR Navigation
Apple Recruits NASA AR Specialist
Samsung Develops Mobile Chip for IoT Applications, Eyes MRAM Embedded Memory
SK Hynix Reports Strong First Quarter Results
Waymo To Test Self-driving Car Service in Arizona
This Is Google's Next Generation Of Jump VR Camera, Meet YI HALO
Tesla to Build More Charging Stations
Micron and Microsoft To Collaborate On Internet of Things Security
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, March 18, 2011
Samsung Aims at Record Profit Despite Competition


Samsung Electronics forecast on Friday a challenging business outlook due to growing competition, but said it was aiming to achieve record profit this year.

"Even amid continuing effects of the global financial crisis, Samsung was last year able to achieve its highest sales and net income since our establishment in 1969," said Geesung Choi, Vice Chairman and CEO of Samsung Electronics at the company's 42nd Annual General Meeting of Shareholders held on Friday morning in Seoul.

"2010 was a year in which we came out on top in the electronics industry and strengthened our position as a leading global company," he added.

Attended by shareholders and institutional investors, Samsung reported its balance sheet and confirmed the financial statements for full year 2010. Samsung?s consolidated revenue for the full year 2010 reached an all-time high of 154.63 trillion won, up 13-percent from the previous year. Consolidated net income also reached a record high of 16.15 trillion won.

Mr.Choi also stressed that 2011 will be a challenging year for electronics companies, as intensifying competition continues to put pressure on profit margins. He said Samsung will strive to maintain its sales growth momentum from last year and achieve new records in operating profits.

Mr. Choi said Samsung?s management strategy this year will focus on three main pillars: bolster market leadership through source differentiation in each business area; identifying and nurturing future businesses that will sustain growth for the next five to10 years; and integrating management capabilities to preemptively respond to business risks in times of market uncertainty.

Samsung aims at solidifing its leadership by securing a competitive edge in LCD panels, mobile devices and flat panel TVs, while further cultivating its System LSI, IT and home appliance units.

In line with its plans to promote future growth opportunities, Samsung will also respond to changes in the market as it becomes increasingly centered around software and solution services.

Samsung also said it would continue to aggressively enter new business areas such as health and medical equipment, while it also plans to become an industry leader in solar cells.


Previous
Next
Dell and Intel Power Noisey.com Music Discovery Platform        All News        Microsoft Takes Down Rustock Spam Network
Dell and Intel Power Noisey.com Music Discovery Platform     General Computing News      Microsoft Takes Down Rustock Spam Network

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Develops Mobile Chip for IoT Applications, Eyes MRAM Embedded Memory
Samsung Galaxy S8 and S8+ Are Launching With Google Play
Samsung To Patch Galaxy S8 Display Issue
Galaxy S8 Materials Costs More Than Any Previous Versions, Teardown Reveals
Analyst Sees An Upcoming Galaxy Note8 With A Bigger Screen, Dual Cameras
Samsung To Start Producing Faster, 2nd Generation 10nm Chips By The End Of the Year
Samsung Galaxy Book 2-in-1 Available Next Month Starting $630
Samsung Says Galaxy S8's 'red-tinted' Display Is Not A Defect
Samsung's DRAM Roadmap
Samsung Galaxy S8 pre-orders Surpass S7's
Samsung Releases Gear S3 Value Pack Update
Samsung Forecasts Strong Q1 Profit, Leaves The Note 7 Fiasco Behind

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .