Samsung smartphone division head admits 'crisis', putting all hope in 'Galaxy 10' and foldable devices

Samsung has been breaking financial record after record lately thanks to strong sales of memory chips and steady display business profitabil...

Samsung has been breaking financial record after record lately thanks to strong sales of memory chips and steady display business profitability, but in the face of strengthening competition and a global smartphone market slowdown, the company’s Galaxy handsets are nowhere near as hot as they used to be.

The problem lies mostly in the mid-range segment, where the Galaxy A and J families are simply incapable of keeping up with the affordability and innovation of key rivals from OEMs like Xiaomi and Huawei.

At the same time, the Galaxy S9 and Note 9 flagships haven’t exactly ...

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