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Comment by astrodust | Hacker News Reader

Do you want to be the one to report to your shareholders that you lost Apple as a customer and, as a result, quarterly profits are going to be absolutely destroyed?

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Samsung profits very little from Apple, maybe they will profit more now, but as it stands, i would like to be the one to report shareholders that we lost the biggest customer, but we have record profits because of that, selling smartphones is way more profitable for Samsung (they are close to Apple profits) than selling chips to Apple will ever be.

Except that if was stated there more than once, division making chips is completely separate from division making phones then chips maker won't have much to brag about.

Lets see the figures on this please.

Samsung is a Chaebol and largely controlled by one family.

There interests are thus less subject to the quarterly forcasts of Wall Street analysts than those of Apple.

This left me wondering

http://www.samsung.com/us/aboutsamsung/ir/corporategovernanc...

Seems that 'only' 15.29% is owned by the "family". I'm not an expert on this things.

That's typically enough to control a company. You don't have absolute control, but organizations with as little as 5% have an outsized influence. I'm not really sure why that is, but back when I was doing mutual funds the fund managers would say companies were "controlled by" as stockholder with a relatively small number of shares.

Sometimes it really is enough for absolute control, since not all shares are voting shares. The NYT is a good example of this.

Thanks

Profit or revenue? Reminds me of the company that stops selling to Walmart and their revenue drops significantly but their profit doesn't go down much at all.

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