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Sep 11, 2015
Around 10,000 people will be losing their jobs in the South Korean headquarters of Samsung, as the company looks to find ways to lessen the blow of its estimated $44 Billion USD loss from April to September 2015.
Samsung experiences a massive decline in its market share, plummeting a whopping -53% and falling behind Apple, Xiaomi, Huawei and Lenovo in the Chinese smartphone market alone.
Over 1.5 billion Android-based smartphones are expected to ship worldwide in 2017.
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