Who knew smartphones could be so dangerous? Samsung has recalled all Galaxy Note 7 devices after several caught fire. And the disaster has taken its toll on Samsung’s figures. Their third quarter profits are expected to fall by 30 percent.
Samsung, the world's largest chipmaker, has flagged a massive drop in earnings, blaming weaker sales and falling prices. Is the tech giant's first profit decline in two years a harbinger of the chip boom fizzling out?
Samsung's new Galaxy S8 smartphone has gone on sale in a small number of markets, including South Korea. Analysts expect the device to become a major challenge to Apple's iPhone as pre-orders have soared.
South Korea's Samsung Group has announced its investment plans for the next three years. As the company has hit a wall in the market for its smartphones, it's focusing on areas more likely to create future growth.
South Korean tech giant Samsung has reported its best quarterly net profit in more than three years, shrugging off the Galaxy Note 7 batteries debacle. Its semiconductor division posted its highest income ever.
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