Bright Side of News spotted that Samsung is now world's largest technology company. The Korean giant pulled in $117.8 billion in sales last year, slightly more than the $114.6 billion revenue from HP.
Even putting into consideration that 2009 was technically a recessionary year, Samsung still managed to grow and grab the coveted #1 spot. While this comes as little surprise to most who have been following the South Korean giant, it has been a long time in the making.
This development by Samsung shows that South Korea has continued to foster research and development pertaining to technology and the investments made by the South Korean government and Samsung have paid off in ways that they could never have imagined. Companies like LG and Samsung are direct results of those investments, but of course the government is not entirely responsible for Samsung’s growth. Samsung owes its growth to the innovations of the company itself and its continued drive to make new and innovative products that the consumer wants.