Just one day after Fitch gave Sony and Panasonic the rating of 'junk', meaning unsafe for investments, Samsung's shares in Seoul reached a new record, increasing their world dominance even more.
After analyzing the data compiled by Bloomberg, Samsung is valued at $195 billion. This is the 15th share value in the world by market capitalization.
The fall of Sony and Panasonic is strengthened by the increase of the Yen and the bad economic conditions in Japan. While during the past few years Samsung has continuously grown, innovating and capturing more and more market share, Japan electronic producers started to fade away in the background, having their place taken over by continuously growing LG, Apple and Samsung. The two companies recorded amazing losses and have closed down factories and fired a lot of workers.
There is only one beneficiary from Sony and Panasonic's fall, and that's Samsung. Already taking the first place in the smartphone and mobile market, they are world-wide producers of everything electronic. Seems like we'll still be hearing from Samsung years from now.
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