Samsung is Slashing the Number of Phones it Makes in 2015

By Gerald Lynch on at

If I had a penny for every Samsung smartphone released over the last few years I'd probably have...well, a couple of quid, at any rate. Samsung churns out handsets at a fantastic rate, but flooding mobile stores with its wares doesn't seem to have done its bank statement any favours. With a 49 per cent drop in its third-quarter net profits, it's now looking to significantly reduce the number of phones it puts out in 2015.

Robert Yi, Samsung's head of investor relations, has suggested that there may be as many as 30 per cent fewer Samsung-branded smartphones hitting shelves next year, as the company attempts to tighten its inventory overstock and supply chain spending. Greater focus no doubt will then be heaped onto the flagship Galaxy S6 and Galaxy Note 5 devices, what with the likes of Motorola and Xiaomi eating into Samsung's mid-range Android profits. [WSJ (paywall)]