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.
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.
Apple has debuted its largest-ever iPhone to compete with Samsung, which has led the trend toward big-screen phones. European customers will have to dig deeper into their pockets for the new devices than those in the US.
Samsung has chosen to settle rather than challenge a ruling that awarded Apple hundreds of millions of dollars last month. Apple had accused the Korean tech giant of copying its iPhone design.
Swedish police believe the series of car fires started by a number of youths were coordinated using smartphones. Police are yet to determine a motive for the attacks, which saw more than 100 cars burned or vandalized.
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