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A drop in Galaxy S4 sales causes Samsung to plan a strategic conference with investors

By Michael Heller

Published: Sep 06, 2013, 12:52 AM

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A drop in Galaxy S4 sales causes Samsung to plan a strategic conference with investors

Samsung is a very big company that has an extremely diverse product line including TVs, appliances, and of course mobile products. But, for all of that diversity, Samsung still gets about two-thirds of its profits from mobile devices. So, when Galaxy S4 sales dropped recently, it worried investors and analysts enough that Samsung has planned a strategic conference to talk about the future plans of the company.

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."

source: Reuters

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Michael Heller is known for his clear and informative articles on mobile technology. He explores important topics such as the rollouts of 5G networks and the advancements in mobile payments, offering readers insights into the evolving tech landscape.