Samsung lost 177 execs as profit plummeted

[Wireless News]

Samsung had better hope that sales of its new-Galaxy S6 and Galaxy S6 edge live up to the hype, because things are starting to look a bit shaky for the South Korean consumer electronics giant. The company remained the world’s top Android phone vendor in 2014 by a wide margin, but its profits collapsed in the process. Apple’s new iPhone 6 and iPhone 6 Plus tore a massive chunk out of Samsung’s high-end phone business, and Chinese phone makers selling dirt-cheap Android phones in the East attacked Samsung’s smartphone division from the bottom. Beyond the company’s staggering profit decline, we now have another indication of just how rocky things have gotten at Samsung. DON’T MISS:-The one app every single Android

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