Ahead of its official financial disclosure for Q3 earnings, Samsung has announced profits are likely to drop by 60 percent compared to last year because of "intensified smartphone competition."
Even a lucrative contract with Apple looks unlikely to save a New Hampshire-based maker of lab-grown sapphire for mobile-device screens. GT Advanced Technologies has filed for Chapter 11 bankruptcy.
Google's open-source Android OS has grabbed the dominant share of the global smartphone market. But there are so many versions out there that Google is trying to wrest back control with its own Android One.
A Chinese supplier of Samsung filed a lawsuit accusing a New York City-based labor watchdog of spreading false rumors of child labor, but the labor group says it has evidence to back up its report.
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