“Samsung Electronics Co pushed the anointed heir of the company chairman closer to the top job on Wednesday as it cemented a global lead in smartphones with a stock price that is close to record highs,” Miyoung Kim reports for Reuters.

“The promotion of the snappily-dressed and bespectacled Jay Y. Lee, aged 44, to the job of vice chairman comes after Samsung marked the 25th anniversary of his father Lee Kun-hee’s chairmanship last week,” Kim reports. “Jay Lee is already chief operating officer and president and was thrust into the spotlight in June when then Samsung Electronics chief executive Choi Gee-sung, known to be his mentor, was promoted to lead the entire Samsung group’s strategy, a defacto No.2 role within the group to chairman Lee.”

MacDailyNews Take: Oh, great. That’ll change Samsung’s derivative culture dedicated to churning out knockoffs of Apple products. (Saracsm.)

Kim reports, “Observers said at the time that Choi’s move was aimed at preparing a succession plan for Jay Lee… Jay Lee will have big shoes to fill as it was under his father’s watch that Samsung Electronics was transformed from a low cost producer into a global player that has overtaken Apple Inc in terms of smartphone sales.”

MacDailyNews Take: Sans the lion’s share of the profits: Apple rakes in 71% of the world’s smartphone profits – September 8, 2012.

Kim reports, “Critics say he lacks his father’s charisma, business insight and entrepreneurship and that he faces tough challenges, not least a patent battle with Apple that is being fought out in courts across the globe.”

Read more in the full article here.

MacDailyNews Take: Mop the floor with him, Tim.

Apple’s products came first, then Samsung’s:

Samsung Galaxy and Galaxy Tab Trade Dress Infringement

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