Editor in Chief
- Dec 30, 2010
- Reaction score
- Austin, TX
According to the latest reports, Samsung missed their sales expectations for the Galaxy S5 by a massive 40%. This resulted in sales of 12 Million for the Galaxy S5, which was 4 million less than the previous generation Galaxy S4. On top of that, sales for the Galaxy S5 were even worse in China. Here's a quote, “Galaxy S5 sales were down by about 50% from those of its direct predecessor during the first six months that the device was on sale.”
Apparently, this has resulted in a large glut of already built, but never shipped Galaxy S5 devices languishing in dust on supply shelves. Supposedly, Samsung's board may be looking to oust mobile boss J.K. Shin and replace him with B.K. Yoon. This is despite the fact that Samsung has risen to become the global Android leader under Shin's direction. If this does happen, it just goes to show that when you miss your projections by such a large amount, even the mighty will be thrown to the wolves.
Very soon it might look like a season finale of Game of Thrones at Samsung Mobile HQ.
Source: The Wall Street Journal