Samsung Electronics CEO: "We have a long history of overcoming crises"
posted by Mihai A. / Nov 01, 2016, 4:54 AM
When Samsung announced the Galaxy Note 7, the handset was shaping up as a fierce competitor in the premium sector of the smartphone market, a perception that bumped Samsung Electronics shares to new records. Two recalls later, Samsung was forced to kill off the Note 7. What initially appeared to be a commercial success quickly morphed into an endeavor that has severely damaged Samsung's short term profit and reputation.
Top-ranking Samsung execs have generally steered away from issuing public comments on the Note 7 fiasco, which is why we find Kwon's comments particularly interesting. While Kwon was a bit vague in his speech, the head of the division said that the recent events were an appropriate "opportunity to reflect". Kwon made his remarks at an event that marked Samsung Electronics' 47th anniversary.
A fresh report by Reuters quotes Kwon Oh-hyun speaking at a recent company event:
Interestingly, Kwon did not explicitly mention the Galaxy Note 7, referring instead to the fiasco as 'this crisis'. That's one accurate word to describe the chain of negative events that the Note 7 recalls and discontinuation have unlocked:
Posts: 6747; Member since: Sep 30, 2014
Tim Cook: "We have a long history of deflecting crises"
posted on Nov 01, 2016, 6:08 AM 8
Posts: 797; Member since: Mar 05, 2016
Yep, that's why Apple is worth more than the entire Samsung conglomerate combined, simply by deflecting crises.
posted on Nov 01, 2016, 7:46 AM 0
Posts: 2324; Member since: Aug 01, 2015
I wish he also would've announced that they have pinpointed the problem with the Note 7 and have made amends for all future designs... I think they'll most definitely have address that issue before they announce the S8 next year. Because the Press will be asking if they don't. Looking forward to see what innovation they're working on too!
posted on Nov 01, 2016, 8:43 AM 0
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