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Monday, January 17, 2005

Samsung shocks Japan

For those following this blog, it was clear that this was bound to happen. There are many more stories in this blog about Samsung, than about Sony. Sony was the great innovator in the 1980s, may be even in the early 1990. However, over time, they developed into a follower, and it wasn't even clear if the Walkman originated in the Sony labs.

Samsung, on the other hand, pumped out so many "firsts" in the product arena, that I had to state that this is not a Samsung blog.

Now, Japan is shocked, about the growing cloud of Samsung. They have made a solid US$10 billion net profit in 2004, even overtaking Microsoft as the biggest profit maker in the global IT industry.

Apparently "Samsung’s profits were double those of Japan’s top 10 electronics firms combined. Japan’s top 10 electronics firms, including Matsushita, Hitachi, NEC, Toshiba, Sony, Fujitsu, Mitsubishi and Oki made about half of Samsung's profit."

Keep watching the Koreans, this is my advice.

(By Asia Business Consulting)