While profits start dwindling off late, Samsung's relative arms also seem to be facing the traction. The Q3 report manifested a worst case figures for the company and has started projecting tension under Samsung's roof.
The event of loss, apparently will also end up re-structuring the the lead management chairs in Samsung. In other words, the head of Samsung's mobile division - J.K Shin - could soon be replaced by co-CEO B.K. Yoon, who is currently the head of Samsung's TV and home appliance department.
The depreciating aftermath of the Q3 report doesn't end here. A new data that sprouted online recently suggests that Samsung's messaging app ChatOn service is also losing ground. According to Korea media citing Samsung officials, the company plans to restructure unprofitable businesses and ChatOn is one of them. This also suggests that the ChatOn service will be shut down in certain markets.
Luckily, the company's official also revealed that ChatOn has received positive reactions and reviews in certain markets, so the service will not be shut down entirely. ChatOn is currently being used in over 120 countries but it remains unclear which regions are least profitable, and where or when ChatOn will gradually be discontinued.
Stay tuned to GizBot for more updates!