Samsung retains its mobile chief no matter plummeting smartphone product sales
With rumors swirling in regards to the future of mobile head J.Okay. Shin, Samsung has launched that he would keep his job in any case. Research beneficial that Shin — who simply recently took an unlimited pay scale back — may be modified by shopper electronics chief B.Okay. Yoon in delicate of weak smartphone product sales. Samsung’s prime money-making fashions, the Galaxy S5 and Phrase 4, have met with a tepid market reception stateside no matter design overhauls, inflicting Samsung’s revenue to fall off the map. The company may also be battling strong rivals in China like Huawei, Xiaomi and Lenovo.
Nevertheless the Korean agency opted for stability in its latest spherical of shuffle-the-executives, with all the company’s division heads retaining their positions. Enterprise-watchers say Samsung’s showing chairman Jay Y Lee attainable chosen to not rock the boat since his father, chairman Lee Kun-hee, is ailing inside the hospital after struggling a coronary coronary heart assault. Samsung may also be busy restructuring its operations to cut additional fat and pay the $5 billion-ish inheritance tax for the youthful Lee. However, many assume Samsung’s axe continues to be poised above J.Okay. Shin’s neck, and if smartphone and capsule product sales don’t determine up stat, he’ll be gone.
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