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Print 18 comment(s) - last by tonyswash.. on Jul 21 at 8:03 PM

Total value of returned bonuses is pegged at $2.3 million

Over the past six months, Samsung has flooded the market with a wealth of smartphones and tablets. We’ve seen the launch of the Galaxy S5, Galaxy S5 Active, Galaxy S5 Sport, Galaxy S5 LTE-A, Galaxy S5 mini, and Galaxy W. On the tablet front, the company has released the Galaxy Tab 4 and Galaxy Tab S series.
 
Despite a wealth of new smartphone and tablet products blanketing a wide range of price points, Samsung’s profit guidance for the April-June quarter is coming in well below analysts’ estimates. Samsung has cited a number of reasons for its profit decline including a strong Won, a broad slowdown in the global electronics sector, and more specifically, tablet sales that have “declined more than expected.”


Galaxy S5 LTE-A
 
At least 200 managers from the South Korean company are taking the profit downturn to heart, and have voluntarily returned a quarter of their first half bonuses. According to South Korean media outlets, the value of the returned bonuses is around $2.92 million.
 
$2.92 million is a relative drop in the bucket compared to the $7.35B net profit that Samsung made during the first quarter. However, Reuters reports that the gesture is largely symbolic to show that the managers take responsibility for the profit decline and will work even harder to improve the company’s performance in the future.
 
Samsung's mobile division still has time to shine this year, as the next big release on the schedule is the Galaxy Note 4. The next generation “phablet” is set to feature a QHD display, with some variants being powered by either the new Exynos ModAP or Exynos 5433 processors.

Source: Reuters





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RE: Good to see some honest businessmen...
By tonyswash on 7/21/2014 9:07:00 AM , Rating: 1
Well done on making a comment about an article on the Samsung employee bonus repercussions of Samsung's ongoing business problems into an anti-Apple rant. That took a special sort of tunnel vision. The really interesting question, why it's Samsung and not Apple that has suffered a series of setbacks in the mobile device market, has clearly eluded your attention. Why fret about the bigger question when one can obsess about a little pile of bile?


RE: Good to see some honest businessmen...
By Cheesew1z69 on 7/21/2014 6:09:21 PM , Rating: 2
quote:
Why fret about the bigger question when one can obsess about a little pile of bile?
As you sit and obsess over Apple. How...ironic.


By tonyswash on 7/21/2014 8:03:43 PM , Rating: 2
It's Mr Bile himself :)


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