A drop in Galaxy S4 sales causes Samsung to plan a strategic conference with investors53
Apparently, Samsung's mobile profits have dropped around 13% over the past three months, and that has investors getting a bit antsy. The thinking is that the high-end smartphone market, where Samsung has been pulling in the majority of its profits, has been saturated. The low-end market, especially in emerging markets is where the big growth opportunities are for smartphones, but it is also a more difficult segment from which to generate profits.
With that in mind, Samsung is planning a strategic conference with about 400 investors and analysts in Seoul on November 6 to talk about its longer-term growth strategy. A Samsung executive said about the conference, "It's been a while since we last communicated our longer-term business plan, and this year's event is largely aimed at discussing our latest strategy and vision for 2020."