Samsung Electronics grabbed 22nd position in largest market cap

Samsung Electronics, South Korea’s tech giant grabbed the 22nd position in the world’s largest market capitalization, the position is down to the seventh position from a year earlier.

The data has been authorized by the London-based accounting company PwC, the tech giant was the only South Korean company on the list with a market value of $342 billion as of March.

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Apple gets a whopping $2.85 trillion mark to remain in the first position, followed by Microsoft, Saudi Aramco, Alphabet, and Amazon. TSMC, which happens to be Samsung’s biggest rival in the semiconductor segment, was the 10th-largest company in terms of market cap, with an estimated value of $541 billion.

Meanwhile, the South Korean giant will launch its new foldable phones – Galaxy Z Flip 4 and Galaxy Z Fold 4 in the upcoming month. The company will offer black, green, gold, yellow, white, gray, light blue, purple, silver, and navy color options (via @DSCCRoss).

As we know that the Galaxy Z Flip 3 Bespoke Edition is available only in select markets and although the Z Flip 4 Bespoke sequel will also be released in limited regions.

New Cell In Company’s InHouse:

Samsung has recently launched the new 200MP camera called the ISOCELL HP3. The ISOCELL HP3 is a lower version of the existing ISOCELL HP1.

Samsung is expected to debut the Galaxy Z Flip 4 in mid-August. The device is set to include an upgraded chipset, twice the storage, and a much bigger battery, all within the same basic design.

The Galaxy Z Flip 4 may look very similar to the Galaxy Z Flip 3. A recent report cleared that the Galaxy Z Flip 4 will measure 165.1 x 71.9 x 7.2mm when unfolded. That makes it a hair shorter, wider, and even thicker than the Galaxy Z Flip 3. In comparison, the Galaxy Z Flip 3 measures 166.0 x 72.2 x 6.9mm.

Quick history of Samsung Electronics:

Samsung Electronics Co., Ltd is a South Korean electronics corporation headquartered in Yeongtong-gu, Suwon, South Korea. It is the pinnacle of the Samsung chaebol, accounting for 70% of the group’s revenue in 2012. Samsung Electronics has played a key role in the group’s corporate governance due to circular ownership. Samsung Electronics has assembly plants and sales networks in 74 countries and employs around 290,000 people. It is majority-owned by foreign investors. As of 2019, Samsung Electronics is the world’s second-largest technology company by revenue, and its market capitalization stood at US$520.65 billion, the 12th largest in the world – Wikipedia.