Samsung 2004 Annual Report Download - page 20

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to assert their leadership in the digital age and up-and-coming manufacturers
rapidly close the gap as they too learn how to tap the power of the digital revolution.
As we look ahead to 2005, the business outlook may be unclear, but the challenges
are not. Margins in the semiconductor and LCD businesses—the key drivers
behind our strong profitability in recent years—are under pressure as supply outruns
demand. Growth in the mobile phone business is also slowing as global markets
mature. We will respond by making it our top priority to maintain and extend our
leadership in these core businesses as we continue to improve the bottom lines of our
home appliance and consumer electronics businesses.
Despite these formidable challenges, we have never been more focused on and
committed to growth and strengthening our foundation as a global industry leader.
The annals of business are full of stories of companies that lost focus and faltered
when they were at their peaks. We believe that 2005 will be a crucial year in deter-
mining whether we will move on to greater achievements, or settle for being an
also-ran. And you can be sure that we will be making every effort in our power to
ensure that it is the former, rather than the latter.
NET INCOME
In billions
2002
2003
2004
$10.3
$5.7
$6.8