Samsung might be one of the biggest tech companies in the world and a leading mobile phone manufacturer, but the Asian company has a lot of secrets unknown to the average consumer. Today, we would like to present you with the top 6 things you didn’t know about Samsung. Curious to find out more about this mega-company? Let’s take a look at the countdown.
No. 6: The quality revolution
Back in 1995, Lee Kun Hee, then chairman at Samsung, was displeased by the quality of the products manufactured by the company. So as to ensure that his employees would better understand why quality products were important, he asked them to gather over 150,000 fax machines and phones into a pile, after which he proceeded to destroy them. The idea behind this exhibit was to make the 2,000 employees that were watching to understand that the old era of Samsung had set and a new one, which focused on quality, was about to begin.
No. 5: A green-oriented company
Samsung isn’t all about making a profit, it also pays attention to our environment. Starting with 2013, all Samsung products have received environmental certification, in agreement with the global standards. Furthermore, between the years 2009 and 2013, the company invested nearly $5 billion in an attempt to reduce greenhouse gas emission. Currently, its Advanced Institute of Technology focuses on creating new devices and materials for a sustainable future, both for the company itself and for the environment.
No. 4: Quick facts and figures
Samsung is a leading company in its own right, but if you had any trouble believing this, here are some figures that leave no room for doubts: currently, one third of all smartphones sold in the world were produced by Samsung; 70% of all smartphones, regardless of model or brand, use a DRAM (Dynamic random access memory) manufactured by Samsung; over 100 Samsung TV sets are sold every 60 seconds. Impressive, no?
No. 3: A pioneer in the industry
Over the years, Samsung was the first company to introduce a number of innovations. For example in 1996, it was the first to start retailing CDMA technology, or code division multiple access. In 1998, it was the first to introduce customers to digital TVs. In 1999, Samsung pioneered the first ever watch phone and the mp3 phone.
No. 2: In-house manufacturing
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Unlike other mobile phone manufacturer or pretty much most major corporations, Samsung manufacturers most of its products and components in its very own factories. Reports claim that nearly 90% of all components are directly manufactured by Samsung.
No. 1: Samsung – the name
Ever wondered what Samsung stands for? Well, founder Lee Byung-chull named it after a Korean word meaning “three stars”. His vision? To create a company that was a big, as powerful, and as everlasting as the stars above us. Safe to say, he has pretty much achieved that.
