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Samsung Electronics is deciding how best to scale down its mobile messaging application business due to weakening profits, company officials said Monday.
"Samsung Electronics plans to exit from the mobile messaging market from region-to-region as part of corporate strategy to restructure unprofitable businesses and improve profitability," a Samsung official said.
He stressed that it's highly unlikely the tech giant will immediately drop its mobile messaging business as the ChatOn service has received positive reviews in some markets.
ChatOn is Samsung's communication service introduced by the Samsung Group's consumer electronics affiliate in Sept. 2011.
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Posted: 2014-11-25 16:47:01
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