Galaxy S5 sold 40% less than Samsung planned tip insiders
In fact, according to the WSJ's sources, while Samsung increased production by around 20-percent over the previous flagship Android phone, sales fell short. The company is said to have sold 40-percent fewer Galaxy S5 handsets than it predicted would be the case, failing to come close to sales trajectory of the S4 in the first three months of availability.
During that period, the Galaxy S5 sold around 12 million units to consumers, the insider suggests. The Galaxy S4 sold around 16 million in the comparative months.
Samsung considering shakeup of mobile division in response to sagging profits, sales
With Samsung's profits plummeting last quarter and sales of its flagship Galaxy S5 coming well short of expectations, the South Korean electronics giant is said to be considering changes in its executive team, particularly among the mobile division that competes with Apple's iPhone and iPad.
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The changes are said to be on the table as part of Samsung's annual internal review process, but come only weeks after the company suffered a 73.9 percent drop in its mobile profits division. During that same quarter, Apple saw its operating profits grow $11.2 billion, or 11.3 percent.
Despite its recent struggles, Samsung is still the second most profitable company in the mobile phone market, according to recent data from Canaccord Genuity. While Apple is estimated to control a whopping 86 percent of the mobile industry's profits, Samsung was estimated to account for 18 percent, with remaining companies actually losing money.
In fact, according to the WSJ's sources, while Samsung increased production by around 20-percent over the previous flagship Android phone, sales fell short. The company is said to have sold 40-percent fewer Galaxy S5 handsets than it predicted would be the case, failing to come close to sales trajectory of the S4 in the first three months of availability.
During that period, the Galaxy S5 sold around 12 million units to consumers, the insider suggests. The Galaxy S4 sold around 16 million in the comparative months.
Samsung considering shakeup of mobile division in response to sagging profits, sales
With Samsung's profits plummeting last quarter and sales of its flagship Galaxy S5 coming well short of expectations, the South Korean electronics giant is said to be considering changes in its executive team, particularly among the mobile division that competes with Apple's iPhone and iPad.
......
The changes are said to be on the table as part of Samsung's annual internal review process, but come only weeks after the company suffered a 73.9 percent drop in its mobile profits division. During that same quarter, Apple saw its operating profits grow $11.2 billion, or 11.3 percent.
Despite its recent struggles, Samsung is still the second most profitable company in the mobile phone market, according to recent data from Canaccord Genuity. While Apple is estimated to control a whopping 86 percent of the mobile industry's profits, Samsung was estimated to account for 18 percent, with remaining companies actually losing money.
