Samsung Electronics, one of the top rival of Apple, is believed to be facing a crisis this year. 2016 already looked to be worst for Samsung's history not to mention the selling of exploding smart phones and washing machines that hurt consumers including a broken jaw and injured shoulder.
Furthermore, Samsung Electronics has just been reported to be involved in a South Korean political scandal investigation . A report illustrated by CNBC states that South Korean prosecutors raided the offices of Samsung Electronics as part of a political scandal involving President Park Geun-hye and her close friend, Choi Soon-sil , who is allegedly to have exerted improper influence in state affairs.
In fact it was confirmed by BBC , that there were allegations that Samsung Electronics gave money to the daughter of Choi Soon-sil. It can be remembered that Choi's daughter is currently undergoing an equestrian training in Germany.
Samsung HQ raided by prosecutors as South Korean political scandal deepens https://t.co/BEq6U5aoSD
— The Guardian (@guardian) November 8, 2016
Samsung is having another bad day. Fiery Phones, exploding washing machines and now raided in #SKorea's biggest political scandal. pic.twitter.com/IriqYM6SYF — Jim Clancy (@ClancyReports) November 8, 2016
It is claimed that Samsung Electronics' executives were asked by Park to provide donations of 3.5 billion won ($3 million). Moreover it was believed that, being caught in a dilemma, Samsung Electronics would likely grant such request because of such political influence of the President.
Indeed, if prosecutors would find hard evidence proving that Samsung Electronics has transferred money to Choi Soon-sil and her daughter, then a crisis of consumer confidence would then follow through.
Clearly if this would happen then Samsung Electronics would go down and Apple will be able to outrun the company.
Will Apple outrun Samsung's market share?
