Samsung Will Reduce Smartphone Numbers

Samsung have confirmed that they will be reducing the number of smartphone models in 2015 in an effort to cut costs, as their Chinese rivals continue to release budget smartphones.

Samsung’s Robert Yi said “In 2015, we will lower the number of smartphone models by one fourth to one third compared with this year. This would allow us a chance to lower the prices of remaining models through mass production.”

Samsung Cheaper Smartphones

The decision comes after Samsung posted its poorest quarterly earnings for 3 years in Q3 of 2014, hit by increasing competition at both ends of the smartphone market.

they have been hit hard by Apple‘s new iPhones that can now compete with larger screens and also competitors at the other end of the smartphone market such as Xiaomi, Huawei and Lenovo in budget to mid range smartphone markets. It will be interesting to see how this move works out for Samsung and they certainly know their strategies so it will probably be a wise move for them.

Related posts

Google’s Project Loon to broadcast internet through helium balloons

Google's Project Loon to broadcast internet through helium balloons

Google; with the help of its holding company 'Alphabet' and three other Indonesian companies, Telkomsel, XL Axiata Tbk and Indosat Tbk, is going to launch a project Loon to expand the Internet excess using solar-powered balloons to the nation of 120 million people. Mike Cassidy, VP of Project...

Drones now need to be Registered – US Transport Secretary

Drones now need to be Registered – US Transport Secretary

U.S. Government has announced that the drones have to be registered with the U.S. Department of Transportation. Anthony Foxx, US Transportation Secretary has announced the plan today at a press conference in Washington D.C. that the department would be creating a task force comprising on...

Land Rover developed a smart-phone app to control the SUVs

Land Rover developed a smart-phone app to control the SUVs

Land Rover has recently unveiled a new remote system which can control its Range Rover Sport SUV through a smart-phone app. Jaguar Land Rover has revealed a nifty remote-control app which lets you drive your car using smart-phone, even by getting out of your car or standing beside it. You are...