"Where there is no vision, the people perish: but he that keepeth the law, happy is he."
-- Proverbs 29:18, King James Bible (KJV)

Friday, December 04, 2015

Samsung Struggling in Smartphone Markets in Part Due to a Patent Law System that Promotes Monopolies and Destroys Competition

Samsung Replaces Head of Struggling Smartphone Division is the title of an article at EWeek by Todd R. Weiss.

The magazine CHIP in Germany has a similar piece online at Samsung-Krise: Dieser Mann soll die Galaxys retten.

In its newest 01/2016 print issue, CHIP at p. 17 runs the headline "Wir stecken in der Krise", i.e. "we have a crisis", quoting Samsung's Vice Chairman Dr. Oh-Hyun Kwon that an "extraordinary transformation" (außergewöhnliche Transformation) was required in the company to avert the worst, including rumors of plans in the works to release masses of employees and executives if the financial situation of the company does not improve.

Samsung is faced e.g. with monopolistic Apple -- on the one hand -- trying to corner the smartphone high-end high-price market for itself by destroying competition with the aid of an outdated patent law system, while, on the other hand, the lower-price segments of the smartphone market are being increasingly dominated by Chinese companies such as Huawei and Xiaomi.

Patent cases such as the one we refer to in our previous posting have played a decisive role in promoting such monopolies by skewing markets and destroying legitimate competition in various technological market segments.