During speech at the presentation in New York, the head of Samsung's investor relations and Robert (Robert Yi) announced that next year, the South Korean company plans to reduce the number of smartphones by about 25-30%. This was confirmed on Tuesday the official spokesman of the Korean giant.
Samsung did not disclose the exact number of models, which next year will be removed. We only know that it will be done as part of cost-cutting and Samsung wants to compete in the segment of smartphones cost Asian producers such as China's Xiaomi Inc, which was recently recognized as the third largest producer of smartphones in the world. With fewer models, Samsung will be able to better manage their inventory and supply chain, which is especially important, given that the demand for smartphones from Galaxy series is declining.
By the way, in October guide Samsung announced a reduction in the third quarter 2014 net profit by 49%.