Tag Archives: Debacle

Samsung Posts 30 Percent Drop in Profits on Galaxy Note 7 Debacle

Samsung Electronics on Thursday reported an expected 30 percent profit plunge on the back of a highly damaging recall crisis that hammered the reputation of the world’s largest smartphone maker. The third quarter earnings were announced just hours before the start of an annual shareholder meeting which was set to approve the latest step in a complex generational change of ... Read More »