Samsung has already hinted, by way of an earnings guidance, not to expect a strong financial quarter and since the mobile handset division fills up majority of the coffer for Samsung Electronics, some 200 managers working in the mobile division have “voluntarily returned a quarter of their first-half bonuses”.
The return of part bonuses will hardly affect the chaebol’s fortunes but it’s a gesture by the managers who seem to take responsibility for the dismal result and will work harder, says Reuters.
The competition has intensified in the last few months, making Samsung to rethink their smartphone strategy.
Samsung is rumoured to launch a high-end variant of the Galaxy S5 with a faster processor, superior display and hopefully a new design.
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