Wednesday, January 2, 2013

Samsung CEO tells workers to get ready for increased market competition

Samsung, which many assume to be the leading mobile company in the world, even leaving behind Apple, is gearing up for increased market competition.

The Samsung CEO Lee Kun has told so to his employees and want them to be ready for a much more competitive world in 2013 and brace up for the challenge with innovation and ideas.

Bloomberg has reportedly quoted Lee saying:
"There’s an ongoing competition by global companies across all areas from products, technology development and hiring talented people to patent disputes. The market is big and opportunities are wide open, so we should find out new businesses that Samsung’s future will hinge on."


Samsung which is in direct competition with American mobile giant Apple, is already fighting a legal battle in US courts over patent issues raised by Apple. And any mishap can be a huge set back for Samsung. 

But despite all the court dragginigs, Samsung gadgets dominate the world market, specially its big Galaxy S III.

However, there are other mobile manufacturers that may threaten Samsung business in Asia as companies like LG, Sony and Huawei are also enetring with competitive gadgets and mobile phones.

The concerns of Lee Kun thus seem genuine and Samsung will have to be very competitive in 2013 to sideline others to dominate the smartphone market.

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