Samsung’s J.K. Shin gets to keep job despite S5’s low sales

Samsung isn’t letting go of mobile chief J.K. Shin yet. All the heads of Samsung’s different business arms retain their positions. But after reportedly selling 40% less than expected for the Galaxy S5, someone is taking the fall. The one taking responsibility for the sales slump is president and head of sales and marketing for mobile unit, D.J. Lee. There is no word yet who will replace him. And rumours have circulated that there will be other job cuts in the company’s mobile division as well.

Source: The Wall Street Journal | Via: SlashGear

Internal shuffle eyed as Samsung Galaxy S5 sales slump

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