Related News
Samsung cuts number of phone models
Print Edition
SAMSUNG Electronics has unveiled plans to slash the number of smartphone models it issues next year by up to one third as it tries to cut prices in the face of intense Chinese competition.
The strategy, confirmed by a company spokesman yesterday, was unveiled during a presentation in New York by the South Korean conglomerate’s head of investor relations, Robert Yi.
Yi said the company, which last month reported a near 50 percent plunge in third-quarter net profit following a 20 percent drop in the previous quarter, would cut the number of smartphone models in 2015 by between one quarter and one third.
The strategy is expected to be accompanied by a significant increase in the production of remaining models that can be sold more cheaply to compete with cut-price Chinese rivals.
The recent nosedive in Samsung’s fortunes followed several years of stellar growth and a seemingly endless succession of record quarterly profits driven by its all-conquering mobile unit.
Its flagship Galaxy S smartphone has suffered in the high-end market from the popularity of Apple’s new iPhone 6, while its dominance of the middle and low-end handset segment has been hit by Chinese handset makers such as Huawei, Xiaomi and Lenovo.
Samsung is still the comfortable leader by sales.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
