14 DAY TRIAL // Samsung is expected to hold a major press event in a few days, where it will unveil its latest hero product, the Galaxy S6.
All eyes will be on Samsung in Barcelona and that’s exactly what the company desires, as the Korean giant puts all its hope in the Galaxy S6.
Samsung's mobile business hasn't been going so well as of late. Last month the device maker released its earnings report for Q4 2014 and it showed a marked decline in profits.
A few days ago, a report coming out of research firm Strategy Analytics indicated that Samsung’s marketshare hit rock bottom in Q4 2014, when the company only managed to grab 10% of global phone shipments.
By contrast, its Arch rival Apple managed to achieve an impressive jump by taking control of 48.9% shares during the same period.
Samsung is trying to cut costs to get back on track
As such, naturally Samsung is trying to do something to make ends meet and reverse the negative tendency it has embarked upon.
With this in mind, Reuters reports that the Korean tech giant is looking to freeze wages on its home court in South Korea for the first time in 6 years.
Samsung hasn't commented on the matter for the time being, but given that the company’s mobile division has experienced a descent of about 60% compared to the same period in 2013, it might not be surprising if this piece of information turns out to be an accurate one.
But this is not to say that Samsung can’t make a comeback in full force. Samsung’s previous Galaxy S5 hasn't achieved the popularity of the glorious Galaxy S4 and this has been attributed to the fact that competition got a lot stiffer in 2014.
But since then, Sammy has regrouped, went back to the drawing board and came up with the flagship Samsung fans have been dreaming of since forever.
The handset will arrive with a metal body, a lighter TouchWiz interface and a touch-based fingerprint scanner. Therefore, the Galaxy S6 has great chances of becoming a real success.
Bottom line is that the freezing of paychecks in South Korea might be just a temporary measure to ensure the mobile division goes on to thrive.