In a shocking announcement on Friday, Samsung Electronics CEO and Vice Chairman Kwon Oh-hyun said he plans to step down from management, throwing the tech firm deeper into a leadership crisis. The news comes as Kwon, effectively Samsung’s Number 2 behind embattled heir Jay Y. Lee, was expected to take on a larger role as Lee continues to fight a bribery charge in the South Korean courts.
In his statement, Kwon said that the time had come for the company to “start anew with new spirit and young leadership.”
What makes the announcement hard to comprehend is that it was made at a time when Samsung is in the midst of one of it’s most successful years ever from a revenue standpoint. Samsung’s success in 2017 has been driven by demand for their memory chips and the success of the Galaxy 8 line of phones, and it could receive a boost depending on how well Apple performs with its new iPhone X—which Samsung supplied the OLED displays for.
“We are fortunately making record earnings right now,” he added, “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 had spent 32 years with Samsung, including the last five as its CEO.
There’s a really glaring error/inconsistency in some recently released marketing materials for Apple’s new iPhone X. It’s in the image above if you care to give it a look.
It’s staring right at you.
You’ll find it in a matter of “time.”
If the quotes around “time” wasn’t enough to give it away, take note of the time that Apple has in the top left corner of each iPhone X. It’s the standard 9:41 that you see on all of their marketing materials. Now look at the larger time stamp on the lock screen on the phone farthest to the left.
How does that happen? And how is it still up on their site like this?
[h/t The Next Web for pointing this out]
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