Beleaguered Samsung’s domestic sales fall to 8-year low

“Samsung Electronics’ domestic sales fell to the lowest in eight years in 2014,” The Chosun Ilbo reports.

 
 
“According to a Samsung audit report on Monday, domestic revenues totaled W20.7 trillion last year, down nine percent compared to 2013 (US$1=W1,110),” The Chosun Ilbo reports. “Domestic sales accounted for around 10 percent of Samsung’s overall revenues.”

 
 
Read more in the full article here.

 
 

MacDailyNews Take: Gee, that’s too bad. 🙂

From the earliest days at Apple, I realized that we thrived when we created intellectual property. If people copied or stole our software, we’d be out of business. If it weren’t protected, there’d be no incentive for us to make new software or product designs. If protection of intellectual property begins to disappear, creative companies will disappear or never get started. But there’s a simpler reason: It’s wrong to steal. It hurts other people. And it hurts your own character. – Steve Jobs

It’s best not to mess with karma. – Steve Jobs

 
 
[Thanks to MacDailyNews Reader “M J Miller” for the heads up.]

22 Comments

  1. Samsungs shipments are tanking because they haven’t paid factory invoices in months. And almost all business relationships are strained to breaking point because of Samsungs threats of kidnapping and beatings to suppliers that refuse to deliver on promissory terms. I’d say a full blown Korean copycat melt down is quite definitely well underway.

  2. That’s what happens when a company builds crappy products that fail within a couple years of purchase. We have had numerous TV’s, a tablet computer, a Blu-Ray player, and a washing machine over the last few years and they have all failed in some way or another. The only Samsung product that has not failed is a 9-year-old microwave. Samsung = crap.

    1. ShameScam’s best way to increase profits is to get out of the SmartPhone market entirely, and supply parts to Apple for iPhones. One of the few profit makers now is fabrication of Apple iPhone cpu chips. 😀

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