Things are not looking good for Samsung’s mobile business. A new report from The Wall Street Journal shows the company sold about 40% fewer Galaxy S5 units than expected. During the first three months on the market, the Galaxy S5 sold approximately 12 million units, which is four million units less than the 16 million Galaxy S4 units sold in the same amount of time last year. In China, sales were down by 50% from the Galaxy S4 during the first six months the device was sold.
Samsung has been facing some tough competition both in the high-end and low-end markets with Apple iPhone record sales and cheaper Android devices like those from Xiaomi. With these poor results, Samsung is reportedly considering replacing mobile chief J.K. Shin with home appliance and television division chief B.K. Yoon.
Source: The Wall Street Journal | Via: BGR