You know how some phone companies, like Apple, have you sign up for a yearly upgrade programme and buy back your old handsets so they can sell them off to someone else? According to Reuters, Samsung thinks this is a great idea and wants in on the action.
Reuters claims that the company wants to maximise its cost efficiency, and keep operating margins above 10 per cent. So one of the ways it's going to do that is have people sign up for an annual upgrade system. Rich people get a brand new Samsung phone every year, selling back their old model for a bit of extra cash (or money off the newest handset). Those phones get refurbished by Samsung and sold onto other people for a bit of a discount.
This is unconfirmed by Samsung right now, so we don't know a lot of the finer details. Things like how much the refurbished phones will cost and stuff like that (hint: it's probably going to be a lot). It should help Samsung compete with Apple a little more as well, even if it is by copying what the fruit-branded company has already been doing for years.