Apple

Samsung received $683 million from Apple for unfilled orders of iPhone OLED panels

As we previously reported, Apple is on the hook for missing contractual purchasing obligations concerning Samsung-built OLED display panels bound for iPhones. According to Samsung's earrings guidance released Friday, the Galaxy maker has actually received a cool $638 million from the Cupertino firm during the June quarter after Apple couldn't fulfill its previously agreed-upon purchasing order volume and no middle ground could be found.

Huawei delays its foldable phone two days after AT&T cancelled all pre-orders for Samsung’s ill-fated Galaxy Fold

Huawei has postponed launching Mate X, its first foldable smartphone, after seeing rival Samsung pull pre-orders for its Galaxy Fold device. Meanwhile, US carrier AT&T has cancelled all pre-orders for Samsung's ill-fated foldable after reviewers experienced various screen failures and a teardown revealed baffling engineering incompetencies and design flaws.

Samsung reports weakest profits in two years

Samsung today announced its 2019 first-quarter earnings and the numbers don't look good: operating profits fell to $5.4 billion, a 60 percent decline marking the weakest results since late 2016 and a far cry from the $13.4 billion in operating profits it captured in the year-ago quarter.