Samsung has issued its second profit warning of the week in the wake of the exploding Galaxy Note 7 saga, increasing the expected profit losses to approximately $5 billion. The outlook sees Samsung staring down the barrel of $5.3 billion in total losses, after it said on Wednesday it would suffer a $2.3 billion hit […]
With a tarnished reputation and expected $17 billion loss from the Galaxy Note 7 fiasco, Samsung is ramping up production on its Galaxy S7 line to make up for lost profit.
Samsung is still dealing with the fallout from the recall and cancellation of the Galaxy Note 7 smartphone following repeated and widespread battery fires. It’s a PR nightmare to be sure, but Samsung […]
It's been a rough couple of months for Samsung. The company's latest flagship phone, the Galaxy Note 7, has been subject to two separate recalls before being discontinued entirely due to its apparent ability to explode without warni...
For Samsung, their Galaxy Note 7 issues are far from over. New reports are swinging in that the company is failing to properly compensate Galaxy Note 7 users who have reported that their phone caused damages to their houses.