A Samsung spokesman told CNET Korea that expense cutting has been an ongoing process in the company for several years, but declined to acknowledge any specific target for this or next year. Despite being the global smartphone leader with a market share of 21.4 percent, the phone, tablet, laptop and computer maker has suffered seven straight quarters of falling profits. Most recently, in July, Samsung posted a net profit of $5.75 trillion won ($4.9 billion) for 2015's second quarter -- down 8 percent from the same period last year.
Edison Investment Research chalks up some of the company's recent money woes to its inaccurate demand prediction for the S6 and S6 Edge models, "The S6 Edge is meaningfully more expensive than the S6 and given that previous [curved screen] devices have not sold well, Samsung was rational in its expectation that the regular S6 would outsell the Edge four to one, Unfortunately, this was not the case as demand has been roughly one to one, leaving a shortage of the S6 Edge and inventories of the regular S6."While Samsung battles Apple for the top spot in the premium market, Chinese brands such as Xiaomi and Huawei continue to gain ground in the increasingly important budget smartphone segment, harming sales of bookbook case for apple iphone 6, 7 and 8 - brown Samsung's low-end devices, such as the Z1 and Galaxy A7..
Update 8.29 p.m. AEST: Added Lee's remarks. Responding to a report that it's laying off 10 percent of its staff, Samsung's CFO says the company is simply relocating workers. Samsung's chief financial officer, Lee Sang-hoon, has denied reports that the company is cutting 10 percent of its head office staff, saying they will be relocated rather than let go. Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.
The social-networking giant said Tuesday it will begin allowing businesses to use its Pages profile service to promote products they sell and services they offer, Massage parlors will be able to describe the different techniques they can perform, for example, while restaurants will be able to encourage customers to easily contact them after scanning their operating hours and menu, The features, which are the biggest changes to Pages in three years, will become available in the coming weeks, Facebook isn't just offering new capabilities, It has also redesigned the way Pages look in order to appeal to mobile-device owners, The layout makes Pages look almost like a website unto bookbook case for apple iphone 6, 7 and 8 - brown itself, with a "home" page separated from published photos, posts and whatever other information a company wants to offer, Facebook has also added a prominent "call to action" button that encourages users to either send a message or book an appointment with the tap of a finger..
Facebook Chief Operating Officer Sheryl Sandberg said the social network's efforts can make a difference for businesses, adding that 35 percent of businesses in the US don't have an online presence at all. Building a website takes time and money, and mobile apps are even harder. "Small businesses, large businesses, all of us need to connect to people on mobile," she said during an event at the company's Menlo Park, Calif., headquarters. If businesses sign up for the new features, they will add to the already expansive information available to the more than 1 billion people who use the social network. The result could intensify competition between Facebook and search giant Google, the largest recipient of advertising on the Web. Google has already integrated information about businesses into the services it offers, ranging from maps to reviews. Against Amazon, the Web's largest retailer, Facebook could start persuading customers to buy products directly through its site. And in competition with business-review service Yelp, Facebook could become a widely used alternative.
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