Printed from http://www.electronista.com

Samsung to split into consumer, parts groups

updated 10:30 am EST, Fri January 16, 2009

Samsung Organization Split

Samsung this morning said it would take the major step of reorganizing itself into two major divisions in a bid to improve its competitiveness. The Korean electronics giant says it will divide itself into a consumer group, which will produce the company's fully-assembled products such as appliances and cellphones, as well as a second group for its strictly part-related businesses such as displays and flash memory.

The move is aimed at minimizing internal competition, which would often see a pure parts division making products for third parties that directly conflicted with those made for Samsung's own finished devices.

Samsung's moves come as a defensive measure in the wake of its holiday quarter, which is likely to have been deeply impacted by the poor world economy as fewer people buy non-essential goods like HDTVs. During the summer, the company's earnings were cut in half despite the relatively healthy state of the economy at the time due to price cuts and other factors fueled by competition.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Lemur BlueDriver

"Oh no, the check engine light is on…again! What one of the hundreds of reasons could it be this time? Probably going to cost a fort ...

Sponsor

toggle

Most Commented

 
toggle

Popular News