But now, it is synonymous to be the world leader in manufacturing modern and futuristic digital devices. In fact, “Samsung Electronics’ business portfolio consists of the manufacture and sales of digital media devices (digital TVs, monitors, printers, mobile phones, communication systems, air conditioners and refrigerators) and components (memory chips, system LSIs etc).” Thus Samsung as a company ahs come a long way of building its brand from being a not so well known brand to a brand that produces different products and as of May, 20015, Samsung is the World’s 11th most successful brand with a market cap of $195.89 Billion consisting of 235,999 …show more content…
This can also be related to brand equity as mentioned in this thesis under Development and History of global brands, which necessarily means that the brand has the power to reside in the consumers mind. It is also the reason that enables the consumer’s preference of the product related to the brand name rather than other competing products being selected by the consumer without this brand