Samsung Electronics continues to amaze. Their net income rose 81 percent to an incredible $10.39 billion in 2004, while annual sales rose 32 percent to $55.52 billion.
Samsung is now the world’s biggest producer of memory chips and flat panel screens. They overtook Motorola to become the world’s second biggest manufacturer of mobile phones in 2004.
- Sales by Samsung’s semiconductor division increased by 43 percent last year
- Samsung expects to sell 100 million cell phones in 2005, up from 86.5M last year
- Samsung paid out $700 Million in bonuses to employees last month
Samsung is one of the few corporations in the world that can generate ten billion dollars in profit … GE & Toyota are others.
Here is a 22-year stock chart:-
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I wish I’d invested in Samsung Electronics way back when.
Samsung is still an industry leader. I always know I’ve made a good purchase when their name is on a product I buy.