Samsung expects 2016 to be tough for its handset business

Samsung Group announced a couple of days ago that J.K. Shin, who has looked after the day-to-day running of the company's handset division for many years, will be taking a step back and while he will continue to lead the overall division management will be handed over to Dongjin Koh. The new head previously led the mobile research and development team at Samsung and he also played a vital role during the development process of recent high-end flagships like the Galaxy Note 5. He has his work cut out for him as Samsung struggles to maintain its dominance in the global smartphone market as it's coming under increasing pressure in both the high-end and low-range segments of the market.

Koh knows this all too well, speaking with reporters yesterday he said that Samsung doesn't expect to see a “huge upturn” in profits from the mobile business in 2016, adding that next year “will be tough.” He also addressed rumors about major organizational overhaul, contrary to rumors Samsung isn't reducing number of executives, adding that he doesn't believe the company is in “deep trouble” as suggested by some sections of the media. Koh said that he's thrilled to have been appointed as the president of Samsung's IT and mobile communications firm, he intends to carry out his responsibilities in close collaboration with J.K. Shin.

Via