Samsung's global recall of 2.5 million Note 7 smartphones and the decision to cease production ranks among the largest product failures in recent memory. Samsung suspended sales of its smartphone just two weeks after the flagship phone's launch.
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.
The Korean tech giant has unveiled its latest flagship smartphone, the Galaxy S8. It seeks to draw a line under a safety scandal that led to a humiliating global recall of millions of its Galaxy Note 7 handsets.
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