Samsung to invest $500m in new China facility: Report Times of India BEIJING: Samsung Electronics will invest $500 million to build a packaging and testing facility in northwestern China, the official China Daily reported on Saturday, as South...
Daniel Turrisi's insight:
The article Samsung to invest $500 million in new China facility: Report, explores how Samsung are going to invest $500 million to build a packaging and testing facility in China. This also relates to the operations part of business management. Samsung’s investment comes on the heels of last year’s $7 billion chip complex. Samsung is aiming to diversify and expand their clients and exert greater control over its manufacturing network. This links to finance as Samsung must clearly manage their money and assess whether the investment will provide a return and will benefit the business in the future.
Apple has elicited a lot of hand wringing by investors and fans alike lately, even as it’s chief competition Samsung seems to be prompting nothing but applause.
Daniel Turrisi's insight:
This article is related to the finance section of the business as it refers to the profits/losses and growth/decline of the business. It outlines how Apple was on its way to its first profit decline in almost a decade. However, Samsung’s net profit grew 42 precent in the same period from 5 trillion won to 7.2 trillion won, about $6.5 billion dollars. This article also links into marketing explaining how Samsung sold more phones while advertising less than Apple. Samsung sold 68 million smartphones during the first quarter, whereas Apple sold 37 million iPhones. Through this that it can be seen that the finance section of Samsung is close to overtaking that of Apples.
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