Despite shuffle, CEO J.K. Shin given second chance at Samsung Mobile
Last week, we told you how Samsung was considering three candidates with whom they could use to swap the head of it’s depreciating mobile department, Jong-Kyun Shin. This was coming after reports of Samsung’s third quarter showed a 60 percent deficit in profit despite little difference in total revenue.
Finally, Mr. Shin is going no where, at least for now. He took the Korean company a long way from the grass to grace since he got appointed as CEO in 2009. For that, Samsung say they still need him despite the rainy days.
“President [and co-CEO] JK Shin contributed substantially to Samsung Electronics becoming global mobile No. 1,” June Lee, the company’s head of communications said in an e-mail. “We believe that the opportunity to attempt a new leap forward in this changed environment.”
Samsung recently lost some important markets like China to Xiaomi and at some point, it was reported they have also been ousted by Micromax in India.
You may also like
Lenovo releases Marshmallow update calendar for its smartphones
Huawei India launches the 5.5-inch G7 Plus with 13MP camera and fingerprint scanner
OnePlus X up for sale via Amazon in India
Intex Aqua Q7 with 3G support goes official sporting a 4.5″ FWVGA screen
Moto G Turbo unvieled in Mexico, to be available November 13
- Despite shuffle, CEO J.K. Shin given second chance at Samsung Mobile
- Samsung executives get the hammer following unimpressive 2014
- iBall Andi4P IPS Gem
- HP confirms 5th September for sales of the HP Elite x3
- No need to wait, get the iPhone 6 in gold with just…£2,400!
- How to stop Facebook from sending notification messages to my E-mail
- ZTE Nubia Z5S mini