Samsung wants to double sales by 2010

Written by Carola Fuhrmann. Posted in News. 3 views

Samsung Electronics announced the Samsung analyst day, which took place from 3 to 4 November 2005 in Korea, the medium- and long-term vision of the company. Compared to the turnover of 2004 (41,49 billion), the annual turnover is to be doubled by 2010 through aggressive growth.

To this growth, in particular the successful long been divisions to contribute decisively mobile phones, flat-panel displays and memory chips. The Samsung Electronics Company for the future has all in all five major objectives set. In the framework of its growth strategy will the company double its revenues by the year 2010 and measured to quantity and quality ­ worldwide include 3 of the supplies to the top. The market leader in terms of product should be further developed: by 2010, the group plans to increase the number of market-leading products from currently eight to 20. Including market leadership will be achieved when memory chips with large storage capacity, displays and next-generation mobile phones, digital TVs, printers and large stores.

In addition Samsung focus in future on eight engines of growth, including DTV products (digital television) and printers. In addition, the innovative capacity of all five main business areas of Unternehmens­ – digital appliance business, digital media business, LCD business, semiconductor business and telecommunication network business – should be ­ausgebaut. Continue to consistently pursue its vision to take the lead in the field of digital convergence, Samsungwill. Now, Samsung worldwide among the companies with the most registered patents posting would like to count 3 of the largest patent holders until 2007 to the top.

In semiconductor, Samsung wants to crack the sales mark of $ 61 billion with 24 domestic production facilities by the year 2012. In the telecommunications sector, the company to the leader in all-in one mobile plans to advancing. With LCD displays, sales should be generated in 2010 of 20 billion. In the field of digital media, an increase in sales to $ 30 billion is aimed at by 2008. Also, with this tailor-made growth plans for each business unit, Samsung wants to increase the share value. Vice Chairman and CEO Jong Yong Yun named the product areas that has identified Samsung as engines of growth for its ambitious growth at Analyst Day: displays, mobile phones, digital TVs, printers, large-scale integration-systems, storage, high-capacity memory chips, and finally air-conditioning systems.

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