The failures of Samsung's mobile division in the last quarter had a significant impact on the company's overall profit, the value of Samsung Electronics on the market even fell by 12 percent this year, and of course the management cannot just let it go. After announcing that Samsung will focus less on releasing dozens of different smartphones next year and very likely replace some high-ranking employees in the mobile division, comes another report about the steps that South Korea's largest company will take in response to the current situation.
According to the latest information, Samsung wants to buy back a significant part of its shares, worth a total of 2 billion dollars (over 40 billion CZK, under 1.6 billion Euro). The electronics manufacturer hopes that with this step it will increase its price on the market again in the shortest possible time, as it did the same seven years ago and the situation has developed quite favorably. However, we can only speculate about how it will turn out this time, but hopefully the numerous changes will have a positive effect on the results of the following quarters.
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