South Korea, central to the global supply chain for technology and electronics, is failing to keep pace with some of its largest customers. The result is that the worth of Apple Inc. now exceeds the combined capitalization of all companies on South Korea’s stock exchange.
So does Microsoft. And Amazon.
The total market capitalization of South Korean firms was about $1.4 trillion as of Friday, data compiled by Bloomberg show. That compares with a $1.7 trillion valuation for Apple, while Microsoft and Amazon were each worth about $1.5 trillion.
At $269 billion, Samsung’s market value is a little more than a sixth of Apple’s. The Galaxy-brand producer’s revenue last year was just about a third less than that of the U.S. company, reflecting its role as a supplier of low-margin products such as memory chips, in addition to being one of the world’s largest makers of phones and consumer electronics.
Apple’s market value first overtook South Korea Inc.’s on Jan. 29, with Microsoft following about a week later while Amazon, after a bit of back and forth, has been worth more since June 30, the data compiled by Bloomberg show.
MacDailyNews Take: Perhaps if South Korean companies had even a smidgen of originality once and awhile, they wouldn’t all be eclipsed by the one company that they seek so desperately, yet fail so spectacularly, to copy year after year after year.
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Samsung’s patent application for smartwatch straps includes drawings of the Apple Watch – August 5, 2016
Slavish Apple copier Samsung debuts ‘Captured on Galaxy S7’ ad – June 17, 2016
Beleaguered Samsung to debut knockoff of Apple’s phone upgrade program in South Korea – March 9, 2016
Beleaguered Samsung to attempt to knock off Apple iPhone’s Live Photos – January 14, 2016
Beleaguered Samsung to attempt to knock off Apple iPhone’s 3D Touch – December 14, 2015
Slavish Apple copier Samsung announces rose gold Galaxy Note 5 – October 15, 2015
Samsung can’t seem to stop mimicking Apple – May 4, 2015
Slavish copier Samsung in talks to launch Apple Pay knockoff – December 16, 2014
Samsung returns to mimicking Apple’s iPhone with chamfered metal-edged Galaxy Alpha – August 13, 2014
Samsung’s plastic, 32-bit Galaxy S5 has serious fingerprint sensor problems – May 6, 2014
Samsung’s new ad for Galaxy Gear stupidwatch slavishly copies Apple’s original 2007 iPhone ad (with video) – October 7, 2013
Samsung announces plastic Galaxy S4 ‘Gold Edition’ phone – September 25, 2013
Samsung slavishly copies Apple’s iPad mini with Galaxy Tab 3 (with photo) – July 23, 2013
9 ways Samsung has slavishly copied Apple over the years – July 14, 2013
Now Samsung copies Apple product rumors, said to be working on wristwatch device – March 19, 2013
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Korea JoongAng Daily: Samsung must stop slavishly copying Apple – September 3, 2012
South Korea reassesses its great imitator, Samsung – September 2, 2012
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Samsung mimics Apple product videos in Galaxy S III promo (with video) – August 24, 2012
Now slavish copycat Samsung attempts to knockoff Apple’s retail stores (with video) – August 23, 2012
Samsung: Shameless slavish copiers – August 13, 2012
Now Samsung slavishly copies Apple’s Mac mini – June 1, 2012
Samsung Mobile chief ‘designer’ denies that Samsung’s instinct is to slavishly copy Apple – March 23, 2012
Slavish copier Samsung shamelessly steals Apple’s iPhone 3G design – again – January 3, 2012
Slavish copier Samsung uses girl actress from iPhone 4S ad for Galaxy Tab 8.9 spot (with video) – January 2, 2012
Now Samsung’s slavishly copying Apple’s iPad television ads (with videos) – December 30, 2011
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Apple to Samsung: ‘Blatant copying is wrong’ – April 18, 2011
Apple sues Samsung for attempting to copy look and feel of iPhone, iPad – April 18, 2011
Samsung’s ‘Instinct’ is obviously to make Apple iPhone knockoffs – April 1, 2008