27.02.2015 - 12:22 [ CNET ]

Samsung freezes salary increases as it prepares for mobile war

The troubles facing Samsung are major and largely center on the core of its operation: mobile. Samsung announced last month that during the fourth quarter, its operating profit fell 36 percent to 5.3 trillion won ($4.9 billion). It was the fifth consecutive decline in year-over-year operating profits and prompted the company to say it would engage in an array of investments and in some areas, belt-tightening, to right the ship.