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Samsung Electronics said Friday it expects operating profit to tumble 56 percent for the second quarter of this year in the face of a weakening chip market.
Samsung Electronics could find itself in the dock in France for not abiding by its own ethics pledges, such as a ban on under-age labour and dangerous working conditions at its factories, two NGOs said on Wednesday.
Shares in Samsung Electronics climbed nearly three percent Tuesday on the back of its chief rival Huawei's mounting problems, including a decision by Google to sever ties with the Chinese mobile phone maker.
Samsung on Tuesday stood by its new Galaxy S10 5G model after a South Korean smartphone owner posted pictures online of a charred handset claiming it had mysteriously "burnt".
Samsung Electronics, the world's biggest smartphone and memory chip maker, reported a slump in first-quarter net profits Tuesday, in the face of a weakening chip market and rising competition.
South Korean tech giant Samsung Electronics is "facing its biggest test ever", analysts said Tuesday after it delayed the release of its $2,000 foldable phone over screen problems.
Samsung said Monday it was delaying the launch of its folding smartphone after trouble with handsets sent to reviewers.
Samsung announced Thursday it will inspect units of its highly anticipated folding smartphone after some reviewers reported screen damage.
Some of Samsung's new, almost $2,000 folding phones appear to be breaking after just a couple of days.
When Samsung said this year it would launch a smartphone with a folding screen, the big question was whether the innovation was something people actually wanted or needed.
