Cell phones won't sell, 200 Samsung executives returned bonuses-up to 3 billion won Samsung phones, Samsung-IT news Cell phones won't sell, 200 Samsung executives back 3 billion won prizes

On July 18, according to foreign media reports, sources say, Samsung Mobile Division of nearly 200 managers voluntarily surrendered the one-fourth first-half bonus.

Samsung Electronics reported a second-quarter operating profit forecast earlier this month. From the effects of slowing growth and intensifying competition in the market, the index far worse than analysts ' forecasts.

Sources told media that the decision to return some bonus from a certain point of view is a gesture, that managers are willing to take responsibility for falling profits, but also to prove that management would have to work harder.

Korea business district, this is not uncommon. Executives of listed companies here usually decline to take a similar approach. Local media estimated that repayment of bonuses could total more than 3 billion won, or about $ 2.92 million.

Samsung spokesman declined to comment.

As millet, Lenovo and other Chinese rivals released a cheaper, more feature-rich Smartphone, Samsung Smartphone business share falling, which is one of the main sources of income.

Meanwhile, a survey of 35 major markets in the world, Samsung Galaxy S5 flag ship product Smartphone sales in early May Apple iPhone5s beyond, this means that the sales of the product is not satisfactory.

Samsung said in last week's performance is expected, the company increased inventory of low-end products, and won further gains. Samsung will be officially released on July 31, the second quarter financial results.