Samsung apologizes for making just $6.8 billion last quarter

finance
Created 10/8/2024
Updated 10/8/2024

Samsung Electronics is addressing concerns over its recent underperformance, which has sparked discussions about its technological competitiveness and future. The management acknowledges the responsibility and is committed to transforming this crisis into an opportunity for growth. They emphasize the importance of restoring their core technological and quality competitiveness, focusing on long-term solutions rather than quick fixes. Samsung plans to innovate with new technologies and perfect quality to regain its standing. Additionally, they aim to prepare for the future by reigniting their pioneering spirit and reassessing their organizational culture to foster trust and communication. The company is determined to turn the current challenges into opportunities with the support of customers, investors, and employees.

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