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Tag: smartphone profits

Posted inBusiness

Samsung’s mobile division faces first-ever losses due to soaring chip prices

Avatar photoby Diana Marsh03/16/2026

Samsung’s mobile division, known as Samsung MX, is facing a precarious financial outlook despite the early success of its Galaxy S26 series. The phones have set new pre-order records and delivered double-digit sales growth in key markets, but the surge in memory chip prices is significantly hurting profits. Samsung Electronics has now placed its mobile […]

  • Meta launches Muse Spark 1.1 AI model at a quarter of competitors’ prices
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  • Google to label AI-generated ads across Search, YouTube, and Discover
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