We attended the Samsung Electronics top management conference call in which they highlighted long-term vision and growth strategies to achieve a 2020E $400bn revenue (from $211bn in 13E) target at the analyst day event. In addition to continuous outgrowth with differentiated profitability in existing core-businesses like smartphone, TV, semiconductor and display panels, management seeks growth opportunities in new business areas like appliances, multimedia services, smart home / enterprise solutions and medical devices through seamless investment in R&D, HR and even open innovation/ acquisitions.
Samsung sees better growth opportunities in