United States  Video

“America's speediest news portal”
One News Page
> >

Samsung Are More Popular Than Ever - So Why Has The CEO Just Quit?

One News Page Staff Saturday, 14 October 2017
Samsung Are More Popular Than Ever - So Why Has The CEO Just Quit?by

Samsung have had a bit of a rollercoaster 18 months. 2016 was arguably a dark year for the tech brand, who continues to lead in the smartphones market worldwide, as their Note 7 devices were prone to explosions once under the use of consumers. This was met by a complete recall and replacement to try and remedy the situation – only for said replacements to suffer the exact same fate. The saga ended with Samsung even encouraging fans to seek handsets elsewhere after issuing refunds across the board – before heading back to the drawing board for 2017. Since then, they’ve unveiled a number of big new products that have gone down hugely well with the Android market.

However, there’s big changes at the top of the company, despite the firm having continued to do so well on a global scale. Kwon Oh-hyun, who is both the vice chairman and CEO of the firm, was revealed to be stepping down in recent days – which has come as a big surprise to just about everyone, even those likely to be in the know on the tech scene. The same day, reports rolled out that Samsung saw record third-quarter profits – which makes the news all the more odd.

Kwon has become known as ‘Mr Chip’ due to his involvement in the development of internal components for the company’s many devices, and he has left with a statement that seems to look to the future. “We are fortunately making record earnings right now, but this is the fruit of past decisions and investments; we are not able to even get close to finding new growth engines by reading future trends right now,” Kwon advised. He also stated that his departure signalled the chance for Samsung to look to ‘new spirit and young leadership’. Could it be that Kwon has fallen on his own sword in order to help push Samsung in a new direction?

There certainly appears to be a level of uncertainty in the business as big figures have left the firm for various reasons in recent history. Jay Y Lee, formerly one of the biggest names at the firm, was imprisoned for bribery earlier this year – and Hoi Gee-Sung also left the board after it emerged he may have had a role in the Lee scandal. Therefore, it really is all change for Samsung – can they hold their smartphone supremacy for the year to come?

Share on
Share on
Post on 
Share by
Source: Bloomberg Global Business - < > Embed
News video: Samsung Electronics CEO to Step Down

▶ Samsung Electronics CEO to Step Down 01:00

Oct.12 -- Samsung Electronics' Vice Chairman and Chief Executive Officer Kwon Oh-hyun is stepping down after more than three decades at the company, saying he's making way for new leadership. Bloomberg's Haidi Lun reports on "Bloomberg Markets: Asia."

You Might Like

Tweets about this

Other recent news in Technology

FACEBOOK is holding an emergency meeting to talk about the Cambridge Analytica scandal — but Mark Zuckerberg isn't leading it (FB)FTC is investigating Facebook over CAMBRIDGE ANALYTICA's use of personal data, source says
Cambridge Analytica CEO claims influence on U.S. ELECTION, Facebook questionedThe billionaire cofounder of WHATSAPP, which Facebook acquired for $19 billion, just tweeted #deletefacebook (FB)
Facebook CEO MARK ZUCKERBERG lost almost $5 billion in wealth in one dayThe End for Facebook’s SECURITY Evangelist

Recent related videos

News video: Galaxy S9 Review: Perfectly Boring

▶ Galaxy S9 Review: Perfectly Boring 07:58

Check out what we thought of the Galaxy S9+, Samsung's latest flagship smartphone.
Source: TechnoBuffalo VAN -

News video: The Samsung Galaxy S9 Is Here

▶ The Samsung Galaxy S9 Is Here 00:32

Arguably the most highly anticipated Android phones for the year are finally here. Samsung on Sunday announced the Galaxy S9 and the Galaxy S9 Plus at Mobile World Congress, both of which feature a..
Source: Wochit Tech -

News video: Radhika Apte Launch Samsung Galaxy S9

▶ Radhika Apte Launch Samsung Galaxy S9 01:20

Radhika Apte Launch Samsung Galaxy S9.
Source: Bollywood Gossip -

News video: Here Are The Samsung Galaxy S9’S Revolutionary Features In Action

▶ Here Are The Samsung Galaxy S9’S Revolutionary Features In Action 04:14

The Samsung Galaxy S9 and S9+ have claimed to have reimagined the camera. So, the NowThis team decided to investigate and find out if the camera reimagined is really what they imagined it would be...
Source: NowThis News -

News video: Samsung Debuts Galaxy S9 Oscars Ad

▶ Samsung Debuts Galaxy S9 Oscars Ad 00:50

Samsung Debuts Galaxy S9 Oscars Ad Samsung's 60-second spot shows various celebrities and influencers answering the pledge to making something with the new smartphone. The ad is part of Samsung’s..
Source: Wibbitz Studio -

News video: Samsung Galaxy S9: Why you shouldn't buy it

▶ Samsung Galaxy S9: Why you shouldn't buy it 02:53

The S9 is finally official and it's got a lot of cool features, but maybe you don't need it.
Source: CNET Top 5 -

News video: Samsung Galaxy S9: Why you should buy it

▶ Samsung Galaxy S9: Why you should buy it 02:47

If you are looking for an excuse to part with your old phone for Samsung's latest, you came to the right place.
Source: CNET Top 5 -

News video: Samsung Galaxy S9: First Look

▶ Samsung Galaxy S9: First Look 05:22

Samsung is kicking off 2018 with style, introducing two new devices (Galaxy S9 and Galaxy S9 Plus) that will provide stiff competition to Apple’s iPhone X...
Source: TechnoBuffalo VAN -

•More original news reports from One News Page
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+