There is a plan by the Samsung to improve the number of smartphone they produce after they witnessed a profit decrease in the last quarter. This is the said to be the lowest number of sales from those phones to be witnessed in more than three years and that’s why they want to take the initiative of improving their make in order to avoid such loss in the future.
The Samsung company which is based in South Korea took pride it itself for their immediate response to the demand in market and their ability to meet global mobile carriers’ requirements. The expeditious success of Samsung has taken a turn in the other direction drastically. The earning of Samsung Company started to go down this year. This was as a result of decline in the sales of Samsung’s Galaxy S5 and also the stiff competition and advancement of other cheaper brands of phone from China and India. Apple on the other hand started to undermine Samsung on basis of the market share of the company. There was an earning conference which was called to discuss on the causes of the drastic poor record in the sales of Samsung’s product and the initiatives to be taken to improve on the same. In that conference, Robert Yi who serves to be the company’s executive said that the Samsung Company had fallen behind in changing market conditions. He said that Samsung was simply not fast to respond to the change and that’s the reason the low profit record.
The Samsung Company has a plan to make an effective implementation of a strategy to have a reduction of the number of handset smartphone models. This should end up on a batter focus on each product they produce and a cost save on the components which have a cheaper cost. Samsung boasted to be the best company by basing their arguments on the say that they gave their consumers more and better choices unlike Apple who use the take it or leave it approach. The quarterly net earnings of the company dropped by 49% which is still above expectations and also the lowest amount of earnings to be witnessed since the year 2012. Once the Galaxy s5 was released by the Samsung Company, there was a drastic sink in the sales while many of the consumers waited to receive an upgrade, most eagerly awaited the new iPhone models.
Eventually, the company made it to be the leading company and all the gratitude for this goes to its efforts of embracing and utilizing the Google’s operation system. This means that Google played a very crucial and pivotal role to see the company on top again. Now that many companies are now embracing and catching up on smartphones trends and features, Samsung company will have to go a step ahead and impress its customers with something new in order to keep up with the stiff competition posed by these other growing company and also to stay at a very stable position in the market and continue remaining in the top position.