The group’s flagship subsidiary, Samsung Electronics, is recognized as the world’s largest consumer electronics and information technology companies. They originally manufactured common consumer electronic appliances such as televisions, refrigerators, air conditioners and even calculators. The company became Korea’s largest in the early 1990’s, but it was still far from being a sole economic force. Samsung saw this happen during the past few years with their innovation and cutting-edge technology. They even beat Hewlett- Pacakrd to pole position as the biggest technology company in 2010.
Samsung’s rise to the top is not without controversy. Their successes were met with adversity; their largest competitor in the mobile phone industry Apple sued them over phone and tablet patents. This is not the first time. Just a year ago, Apple was successful in getting one of Samsung’s tablets banned in Germany.
These issues branded Samsung as the most innovative copycat in the world, despite being legitimately recognized as a groundbreaking company. Critics gripe about how Samsung blatantly copies designs and functions from their competitor’s products. At the courts, the company already lost a few cases.
Will the company suffer drastic losses because of these claims? Hardly. Samsung is still one of the most profitable tech giants in the industry. Product sales has never been better; they boast of record-high market shares in consumer electronics as well as lucrative partnerships with other companies.
Although Samsung Electronics does not have a clean slate, their ability to capture the market’s interest through innovation puts them on the pedestal.