Sunday, September 21, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Pushes Back Xbox One Debut In China
New Oculus 'Crescent Bay' Headset Announced
Microsoft Offers iPhone Users 30 GB of Free Storage
New Tizen Device Coming in India
Samsung Launches My Knox App For Latest Mobile Device
Android L To Support Encryption By Default
Microsoft Outlines Basic Elements Of Direct3D 12
New GeForce WHQL Driver Released
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 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
Order Your Samsung Galaxy Note 4 Today
Samsung Now Mass Producing 20-Nanometer 6Gb LPDDR3 Mobile DRAM
New Samsung NX1 Launches With APS-C backside-illuminated CMOS
Korean Authorities To Inverstigate LG-Samsung Dispute
Samsung Open Source Conference Kicks off Tuesday
Diesel Black Gold Introduces Custom Samsung Gear S at Runway Show
Samsung Outlines Its Vision for the Future Home At IFA 2014
Samsung Launches Tizen Wearable SDK for Gear S
Samsung Galaxy Tab Active Announced At IFA
Samsung Goes Curvy At IFA 2014
Samsung Partners With Oculus On Gear VR, Announces Galaxy Note 4 And Galaxy Edge at IFA 2014
Samsung Acquires Canadian Cloud Solution Provider

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .