Samsung spent an absolutely mind-blowing sum on advertising and sales promotions in 2013

Samsung spent an absolutely mind-blowing sum on advertising and sales promotions in 2013
We all know that Samsung is a truly giant company. We also know that its daughter company, Samsung Electronics, hardly limits itself by just making smartphones – it also produces anything from batteries, through flash memory, down to semiconductors. And yet, when we saw the latest numbers from Sammy's regulatory filings in its homeland, our minds were absolutely blown at the scale at which the electronics giant's marketing department continues to operate.

It's interesting to note that the company has, in a first, changed its marketing approach and has re-directed the river of cash from advertising to sales promotions like rebates, coupons and other incentives. For just the two first quarters of 2013, Samsung Electronics spent a whopping 934 billion won ($888 million) on sales promotions, up 38.7% from a year earlier, and another 1.71 trillion won ($661 million, down 60%) on advertising in its home country of South Korea alone.

Samsung's spending on such promotions overseas has also spiked sharply this year, with an increase from 2.37 trillion won ($2.2 billion) last year, to 4.89 trillion won ($4.6 billion) in 2013.

In other words, it's quite likely that Samsung will top Apple's marketing spending for a second year in a row, and that's not overly surprising, considering the sheer amount of cash that's being thrown around. There's obviously nothing wrong with Samsung spending its piles of cash in any way it feels appropriate, yet these figures do showcase just how hard it is for smaller manufacturers to actually compete.

source: Yonhapnews via G4Games

FEATURED VIDEO

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.
FCC OKs Cingular's purchase of AT&T Wireless