TOP PANASONIC COMPETITORS
Panasonic is a multinational electronics company based in Osaka, Japan. Initially the company’s name was Matsushita Electrical Industrial Company Limited until it was changed to Panasonic in October of 2008. Panasonic is among the biggest electronics manufacturers in Japan while as at 2012 it was ranked fourth as the largest TV manufacturer in the world judging by its market share then. Konosuke Matsushita founded Panasonic in 1918 and since then it has grown to become a leading manufacturer in the electronics industry.
As at 2017, Panasonic’s revenue stood at 7.34 trillion yen, its profit was 149.3 billion yen while its assets were worth 5.982 trillion yen. The company had employees who numbered 257,533 in the same period. Its subsidiaries include Universal Lighting Technologies, Panasonic Avionics Corporation, Kawakita Denki Kigyosha, Panasonic Electric Works and Sanyo Electric Company. However, the electronics industry has a lot of competition and discussed below are some of Panasonic’s top competitors;
1. Samsung
Samsung is a giant in the electronics industry. When it comes to new innovations Samsung stands out from the rest of the pack. Based in South Korea and founded in 1938, Samsung has continued to produce excellent products over the years setting new standards with each new product release. The company deals in a wide range of products some of which include electronic components, semi-conductors, home appliances, consumer electronics and
For over 70 years, Samsung has been dedicated to making a better world through diverse businesses that today span advanced technology, semiconductors, skyscraper and plant construction, petrochemicals, fashion, medicine, finance, hotels, and more. Our flagship company, Samsung Electronics, leads the global market in high-tech electronics manufacturing and digital media (Samsung Official Website).
Samsung served as the manufacturing industry and international company analyzed. Samsung has been in business for over 70 years and manufactures products for diverse markets, including: digital media, high -tech electronics, home appliances, information technology and telecommunication. Samsung's motto is to "inspire the world and create the future" by leveraging three key strengths: new technology, innovative products and creative solutions.
By the end of 2012, Samsung electronics become the largest producer of televisions and mobile phone. In order to achieve the success and the dramatic rise in consumer electronics sector, the company initiated new methods to innovate and create high quality products .
From 1958 onwards Samsung began to expand into other industries such as financial, media, chemicals and ship building throughout the 1970's. In 1969, Samsung Electronics was established producing what Samsung is most famous for, Televisions, Mobile Phones (throughout 90's), Radio's, Computer components and other electronics devices.
One of the most recognized brand names in the world today, Sony Corporation, Japan, established its Indian operations in November 1994, focusing on the sales and marketing of Sony products in the country. In a span of 16 years, Sony India has exemplified the quest for excellence in the world of digital lifestyle becoming the country’s foremost consumer electronics brand. With relentless commitment to quality, consistent dedication to customer satisfaction and unparalleled standards of service, Sony India is recognized as a benchmark for new age technology, superior quality, digital concepts and personalized service that has ensured loyal customers and nationwide acclaim in the industry.
Samsung Electronics started off as Samsung Electric Industries, established by the Samsung Group in 1969 (Samsung Electronics Co., Ltd, n.d), in Suwon, South Korea, selling electronic and digital devices, such as televisions and air conditioners. In 1988, Samsung Electric Industries merged
Samsung is an electronic company, that is specially designed for digital appliances. The company provides some Samsung home appliances like televisions, refrigerators, washing machines, microwaves and air conditioners to their customers. This was founded with the belief that any family can have a high-quality appliance in their homes or for their own personal use. Samsung was founded “by Byung-Chull Lee in 1938 in Taegu, Korea the company started as a food exporter in Korea” (Kovach). In 1970s Samsung started selling their first black and white TV and in 1979 Samsung Electronics came out, also Samsung is made up of over 80 businesses that have worked in different markets and Samsung Electronics have operated in over 60 countries. You
Samsung Electronics Co., Ltd or “Samsung” (founded 1965) is a multinational company, headquartered in South Korea, engaged in the manufacture and distribution of electronics and home appliances.
Samsung is one of the largest and most diverse electronic companies in the world. Samsung is a multinational electronics company, originating in South Korea. Its main Competitors are Apple and LG.
Samsung is the number one by market share in televisions and mobile phone sales and some of the software parts (processor, memory chips and so on). This was largely achieved due to excellence in engineering and both efficient and effective production. Samsung is the world’s number one marketer of mobile phones with 21.4% of the world’s largest market share in the second quarter of 2015. Apple is number two with 13.9%.
Samsung Company: Samsung was founded by Lee Byung-Chul in 1938 as a trading company. Those competencies for creating innovative items and enhancing market effort. To attain this, we need aid upgrading the competitive edge the competitive edge of our business by reorganizing our production network, strengthening our R&D department, and expanding our high-end product line-ups. Moreover, expansion profitability, we are additionally contributing to the improvement of premium appliances in the side-by-side refrigerator, cooling system and washing machine segments, same time underscoring our duty on personal satisfaction. As a business sector leader company committed to continually strengthening their competence in both the built-in appliance and home network markets.
Samsung as a company was founded in 1938 in Korea. 46,500 employees are working at six Samsung Electronics facilities in Korea. Although they are at different locations, all share the same goal and that goal is satisfying global customers by producing a quality product. Here in the U.S. Samsung is a very recognized brand, sitting along side Sony, Panasonic, Phillips, Toshiba, Matsushita and other more know brands of TVs. In South Korea, Samsung was a governmentally subsidized large business until in the 1990 's. In the mid 1990 's one of the most significant threats to Korean corporations was that their major advantage in low labor cost
Company Background: Samsung is a South Korean multinational company those starting its business as a small trading company and right now becoming world largest corporation. The company deals with its business in several sectors such as advance technology, finance, petrochemical, semiconductors, plant construction, skyscraper, medicine, fashion, hotels, chemical and others. The company was established in 1969 in Suwon, South Korea and known globally for its electronic products (Kelly, 2011). The company is manufacturing several latest technologies, electronic appliances such as mobile phones, tablets, laptops, TVs, refrigerators, air conditioners, washers and other products. The company runs its operations and sales its products in 61 countries with approx 160,000 employees in all over the world (SAMSUNG, 2014). Moreover, the company acquired the position of the world biggest IT maker in 2009 by beating the Hewlett-Packard (HP) previous leader. Its sales revenue in the segment of LCD and LED is the highest in the world. Furthermore, Samsung also becomes world leader in the segment of tablets, mobile phones and gadgets.
Samsung has been in the business for over 70 years, it is a company which is considered to diversify its business ranging from mobile phones to washing machines, TV’s to microwave, all kinds of home appliances to the most modern worldly technology needs of human kind. Samsung is a $160 billion company. Through research, reliability and a talented workforce, Samsung is able to provide technological solutions for our everyday lives. Samsung is known for its TVs however they have penetrated into the mobile phone market. They have come up with creative technology such as the Smart TV and Smart Camera. They continue to invest heavily into their research and development so that they can produce products that are efficient and
Samsung was founded on 1st March 1938 by founding chairman Lee Byung Chull in Taegu, Korea with a capital of 30,000 won. While Samsung Electric was established as a subsidiary of the Samsung group in 1969. Its early products were electronic and electrical appliances such as, televisions, calculators, refrigerators, air conditioners and washing machines. In 1974, the group expanded into the semiconductor industry by acquiring Korea semiconductor; One of the first chip-making facilities in the country at the time. Samsung Electronics launched its first mobile phone in 1988, in the South Korea market. (Samsung.com,. (2014).) Response were poor at the start as Motorola held a market share of over sixty percent in South Korea's mobile phone market compared to Samsung's ten percent. (Michell, T. (2010).) In 2005, Samsung struck a deal with Apple for the supply of flash memory. At the same time, Samsung Electronics surpassed its Japanese rival, Sony and it became the world's twentieth largest and most popular consumer brand. (Businessweek.com,. (2005).)