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Quantifying the financial pain of Tuesday's move to scrap the Galaxy Note 7 smartphone after a global recall and weeks of mounting problems, the world's top smartphone maker said it expects its Ju...

Samsung is forced to slash prices and accept lower margins at its mobile division in order to see off competition from rivals.


Samsung will launch several Tizen smartphones at varying prices, the person said without disclosing other specifications.

The South Korean tech giant's official blog post showed images of smartwatch with a round face - which would be a first for Samsung - and naming several partners, including Baidu Inc, Yelp Inc and...

Samsung expects the flat screen S6 to sell more than the higher-margin S6 edge.

Investors and analysts expect the Galaxy S6 and S6 edge models - on sale from Friday - to revive handset sales and propel profits in coming quarters.

Samsung Electronics likely saw Jan-March earnings slip for the sixth straight quarter, but investors are betting on a rebound on healthy chip sales and high hopes for its new flagship smartphones.

"While we are in talks with the state governments, nothing has been decided," Samsung said in a statement. It didn't say how much it might invest, nor what products any new plant might make.

The Galaxy S6 and its curved-edges variant are critical for Samsung's plans to reverse plunging smartphone revenues that led to its first annual earnings fall in three years in 2014.





