Samsung apologizes for making simply $6.8 billion final quarter

To our prospects, traders, and staff who’ve at all times liked Samsung Electronics,

At present, we, the administration of Samsung Electronics, want to first apologize to you.

The efficiency that fell in need of market expectations has raised considerations in regards to the basic technological competitiveness and the way forward for the corporate. Many individuals are speaking about Samsung’s disaster. All of this accountability lies with us who’re main the enterprise.

Pricey prospects, traders, and staff,

Samsung has a historical past of problem, innovation, and overcoming that has at all times turned crises into alternatives. We will certainly make the intense scenario we’re at present dealing with into a chance for a leap ahead. Our administration will take the lead in overcoming the disaster. Above all, we are going to restore the elemental competitiveness of expertise. Expertise and high quality are our lifeblood. It’s Samsung Electronics’ delight that we will by no means compromise on. Relatively than short-term options, we are going to safe basic competitiveness.

Moreover, I consider that solely new applied sciences that don’t exist on the planet and excellent high quality competitiveness are the one methods for Samsung Electronics to make a comeback.

Second, we are going to put together for the long run extra totally. We’ll rekindle our distinctive ardour to fearlessly pioneer the long run and to cling to our objectives till the tip and obtain them. We’ll re-arm ourselves with a difficult spirit to run towards the next objective, somewhat than a defensive mindset to guard what we have now.

Third, we are going to reexamine our organizational tradition and work strategies and instantly repair what must be mounted. We’ll rebuild our conventional organizational tradition of belief and communication. If we discover an issue within the area, we are going to expose it and have a heated dialogue to enhance it. Specifically, we are going to actively talk with traders at any time when we have now the chance.

Pricey prospects, traders and staff,

I’m assured that if we problem ourselves fiercely, we will positively flip the present disaster into a brand new alternative. I ask to your assist and encouragement in order that Samsung Electronics can as soon as once more exhibit its power.

Thanks.

Samsung Electronics DS Division Vice Chairman Jun Younger-hyun