Samsung’s miscalculated estimates misses sales of Galaxy S5 by 4 million
Samsung, the world’s best-selling smartphone brand since 2011 — according to estimates, has messed up it’s numbers again, reports World Street Journal.
The source claims that Samsung had predicted it will sell more Galaxy S5 units than it did with last year’s flagship, the Galaxy S4. However, things are always easier said than done, after the Korean phone maker produced 20 % Galaxy S5 smartphones compared to the amount of Galaxy S4s it manufactured in 2013, things fell apart.
WSJ cliamed to have insider information which details the Samsung Galaxy S5 missing it’s projected sales benchmarks by a whopping 40%, causing a pile of unsold inventory to gather dust at different warehouses. The US witnessed an increased sales of the Galaxy S lineup this year, but in other markets such as China where the series had a 50 % decline, the opposite was the case.
Samsung is already taking measures to avoid such occurrences from happening in the future. The tech company is allegedly considering shuffling it’s management to see that things turn around for good. Samsung also promised to cut down the number of Galaxy variants it’s producing by up to 30 % next year.