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Last updated: September 22nd, 2017 at 08:35 UTC+02:00
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Forbes mentioned that the companies it listed as the top five influential Asian firms “have shaped Asia and the world.” The US-based magazine mentioned that Samsung's business strategy, which was announced back in 1993, helped the company become a major player in many technology segments. Samsung Group chairman Lee Kun-hee made his famous remark “change everything but your wife and children,” which influenced its employees.
“Thanks to the changes that were made in the wake of the Frankfurt meeting, Samsung went from being a mediocre electronics manufacturer to surpassing Nokia as the world's largest phone manufacturer by units sold in 2012. Today, it is world's second-largest technology company,” Forbes mentioned in its magazine. Samsung recently became the most profitable tech company in the world, leapfrogging Apple in terms of revenue and operational profit.
Since the Galaxy Note 7 fiasco, Samsung has been heavily investing in semiconductor designing and manufacturing, including NAND flash chips, RAM, and processing chipsets. The Galaxy S8 and the Galaxy S8+, which were released earlier this year, have met with astounding success. The company has also been investing in upcoming technologies like connected cars and IoT products.
Asif is a computer engineer turned technology journalist. He has been using Samsung phones since 2004, and his current smartphone is the Galaxy S21 Ultra. He loves headphones, mechanical keyboards, and PC hardware. When not writing about technology, he likes watching crime and science fiction movies and TV shows.
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