Thursday, October 29, 2015

Samsung's price cuts for high-end phones worked, but hurt profits

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Accordingly, Samsung is apparently focusing on "maintaining" these results more than getting back to its previous high. Also, it's planning to buy back some $10 billion of its own stock over the next year. In 2016, it figures the growth rate for phone sales will continue to slow down, so expect to see fewer models released as it streamlines the lineup. Of course, as always, it's planning on pumping up TV sales with bigger and better models, and pushing new wearables to go with its phones. As it stands, the most interesting spot in Samsung's plans for next year could be the transparent and mirror display tech it plans to roll out for use in automobiles and head-mounted displays, so keep an eye out for that at CES in January.

About the Author

Unknown / Author & Editor

I generally blog between 5:30 A.M. and 7 A.M. I will from time to time add something during the day, but for the most part blogging is an early morning activity for me.

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