“Samsung Electronics Co. Chairman Lee Kun Hee urged workers to adopt new ways of thinking and move beyond their focus on hardware as the world’s biggest maker of smartphones and televisions seeks to maintain growth,” Jungah Lee reports for Bloomberg. “‘We have to change once again,’ Lee said today, according to e-mailed notes from the company. ‘We must give a bigger push for innovations, including in business structure, so that we can lead industry trends.'”
“Samsung shipped a record number of handsets in 2013 and posted its highest quarterly earnings, yet its shares had their first annual decline in five years amid signs of slowing growth in high-end handsets and competition from Apple Inc.’s new iPhones,” Lee reports. “The Suwon, South Korea-based company, the biggest maker of memory chips and flat-panel displays, is focusing on cheaper devices in emerging markets as prices for handsets drop… Samsung should create new businesses by integrating technologies from different industries, Lee said today. ‘Our leading businesses are constantly being chased by competitors, while time is running out for our less-competitive businesses,’ said Lee, South Korea’s richest man. ‘Last year, we engaged in do-or-die battles with companies around the world and endured patent wars in light of market slowdown and prolonged, weak global economic growth.'”
MacDailyNews Take: Gee, convicted patent infringer, perhaps you shouldn’t have stolen and resold Apple’s patented intellectual property?
“Lee’s speech comes a day after Google Inc.’s Motorola Mobility unit reduced the price of its Moto X flagship handset to $399 on any U.S. carrier without a contract,” Lee reports. “That’s about 25 percent less than the previous price at AT&T Inc.’s online store and about 38 percent less than the Samsung S4’s $640 price on the same website.”
Read more in the full article here.
MacDailyNews Take: This report is not too clear about what Lee wants his minions to think differently about, but we suppose it’s better than their usual “Think Corrupt.”
Samsung: Victim of its own DNA – December 30, 2013
South Korean press shocked at Samsung’s Galaxy S4 sales disaster – December 28, 2013