Samsung posts $7.4 billion profit as handsets mask weak chip sales

Re:Samsung posts $7.4 billion profit as handsets mask weak c... by nandemo on Thursday October 25, 2012 @11:25PM (#4700721)

Note that Samsung is a huge conglomerate. I suppose this is news is posted here because some many people on HN tend to view Samsung is an "Apple rival" (and for some odd reason a lot of people "root" for tech companies), but Samsung is more like a Korean version of what General Electric used to be.

According to Wikipedia, Samsung's revenue in 2011 was U$247 billion. That's about the nominal GDP of Hong Kong or Israel.

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Re:Samsung posts $7.4 billion profit as handsets mask weak c... by kitsune_ on Friday October 26, 2012 @04:36AM (#4701366)

Amen, when the tech press talks about Samsung it usually talks about Samsung Electronics. I find it somewhat aggravating.

Samsung builds ships, skyscrapers, it owns departments stores and provides life insurances. The conglomerate is a complex maze of interconnected companies. The ownership structure is very complicated. There is an excellent article about it in The Economist.

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Re:Samsung posts $7.4 billion profit as handsets mask weak c... by lostlogin on Friday October 26, 2012 @04:42AM (#4701383)

I've read about their opaque structure before, and the relationship between big business and the South Korean government. Dark and murky. It's rather fascinating. Wish I could remember the article source.

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Re:Samsung posts $7.4 billion profit as handsets mask weak c... by richworks on Friday October 26, 2012 @10:26AM (#4702258)

Is this the article you are talking about? : http://www.economist.com/node/15816702

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Re:Samsung posts $7.4 billion profit as handsets mask weak c... by nandemo on Friday October 26, 2012 @09:40AM (#4702082)

(sorry, couldn't edit out the typos)

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