Samsung head of investor relations, Robert Yi, has revealed during a presentation in New York that the company plans to cut the number of smartphone models it produces by 25% to 30% in 2015. With this step, Samsung hopes to fight the falling profits that were recorded in the last financial quarter. Naturally, Samsung investors aren’t happy with the latest developments and require changes that will head the company back to growth.
Samsung plans to slash its smartphone output by up to 30% in 2015
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