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Samsung has had teething issues with the Fold smartphone in the first half of this year Samsung Electronics has announced that it expects operating profits to decline by more than half as it released its earning guidance for the second quarter. The South-Korean manufacturer has warned the market that profits will slide 56 per cent,
The smartphone is competitively priced at £175 – £219 and will release in the UK on June 5
As the tech giant revises its revenues, it looks to be turning its attention to new revenue streams
Two divisions – ‘volume’ and ‘value added distributor’ – have been created in response to sales becoming “more technical”