Category: Samsung

Samsung posts 55.6% drop in second-quarter profit as it copes with weak demand and a trade dispute
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Samsung posts 55.6% drop in second-quarter profit as it copes with weak demand and a trade dispute

As it forecast earlier this month, Samsung reported a steep drop in its second-quarter earnings due to lower market demand for chips and smartphones. The company said its second-quarter operating profit fell 55.6% year-over-year to 6.6 trillion won (about $5.6 billion), on consolidated revenue of 56.13 trillion won, slightly above the guidance it issued three…

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Samsung readies Galaxy Fold for September launch
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Samsung readies Galaxy Fold for September launch

When it was unveiled on stage, the Galaxy Fold was heralded as the next big thing. Samsung seeded units to reviews and prepared for launch. And then a funny thing happened on the way to a smartphone paradigm shift: it started breaking. Multiple review units were sent back to Samsung with busted screens. It was…

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