Samsung to Trim Number of Smartphone Models by 30%
Nov 18, 2014, 8:24 AM by Eric M. Zeman
Samsung said it will reduce the number of distinct smartphones it sells next year by 25% to 30% in a bid to reduce costs. Samsung didn't say exactly how many models it will eliminate from its lineup. The company is looking for ways to cut expenses and still remain competitive with makers of inexpensive handsets. Last month, Samsung said it "will increase the number of components shared across mid- to low-end models, so that we can further leverage economies of scale." The company reported a massive drop in profits during its most recent financial quarter thanks in part to slow sales of flagship models such as the Galaxy S5 and Note 4. Samsung has also lost a lot of ground in the entry-level segment in China.
Comments
Good Plan
Entry level, midrange di...
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