Samsung’s Profit Falls Amid Delays for Galaxy Fold Phone

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Samsung’s Profit Falls Amid Delays for Galaxy Fold Phone
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Samsung didn’t specify when the now-delayed Galaxy Fold device would be released, but called the phone one of its “innovative products” for the second half of the year

The world’s largest smartphone and memory chips maker delayed the release last week of its Galaxy Fold handset, a potential game-changing product the company

hoped would spark a sales turnaround for its struggling mobile division. Meanwhile, a pullback in global spending has sapped demand for its memory chips from...

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