Goodbye Mr Chip: Samsung Electronics Boss Quits

Samsung Electronics' vice chair and chief executive has resigned warning the South Korean tech giant is in the throes of an "unprecedented crisis". Kwon Oh-hyun announced his decision to step down on the same day as the firm forecast record quarterly profits, thanks to a continued boom in the memory chip industry.

Samsung Galaxy S8 Is Monstrously Expensive To Produce

When Samsung announced the S6 and S6 Edge a while ago a lot of us were surprised that the company didn't push the Edge model more. But the reality was that this device was more complicated to build and generated less profit for the firm than its "flat" S6 varient. Now Samsung has got rid of the standard device, and offers only phones with a curved edge - and it's clearly going to affect profitability.