Samsung 'restructuring' handset division, hints at Armani partnership

In the wake of increased competition from Motorola and Nokia in particular, Samsung is reportedly "restructuring its handset division," which will aim to find "new sources of revenue, realigning businesses, and cut costs." As expected, the move will also involve a number of "personnel reshuffles," but a Samsung spokesman was quoted as saying that there won't be any "forceful" job cuts. Interestingly, we're hearing further details that the firm is indeed courting the idea of partnering with "luxury name brands such as Italian fashion house Armani to develop premium brand phones," and considering just how hot avant-garde mobiles have been of late, we certainly don't think that's a bad idea.

[Via JustAMP]