Samsung has not had a very good year so far and a new report from The Wall Street Journal shows that things are even worse than we imagined. According to the Journal, Samsung has sold about 40% fewer Galaxy S5 units than expected and this could lead to a huge shakeup of the company’s mobile business.
The Galaxy S5 sold roughly 12 million units in its first three months on the market, the Journal writes, which is 4 million less than the 16 million Galaxy S4 units the company sold in its first three months on the market in 2013. One source tells the Journal that things are even more dire in China, where “Galaxy S5 sales were down by about 50% from those of its direct predecessor during the first six months that the device was on sale.”
Samsung has been getting hammered in both the high-end smartphone market by record iPhone sales and in the low-end and mid-range markets by Chinese Android vendors such as Xiaomi.
Because of this, the Journal says Samsung is considering moving mobile boss J.K. Shin out of the mobile division and replacing him with B.K. Yoon, who currently oversees Samsung’s home appliance and television divisions.