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Samsung makes a step back


Samsung Electronics will delay the launch of its first foldable smartphone from the planned April 26 debut after reports of screen failures among some review units, with a handful of technology journalists reporting breaks, bulges and blinking screens after a day’s use.

The electronics firm delays the launch of its Galaxy Fold smartphone due to screen failures, shares fall 1.6%.

Stocks impacted: Samsung Electronics Co Ltd (SE)

The tech giant postponed the handset’s launch for an unspecified period of time while it investigated the matter. Initial findings showed the issues could be associated with impact on exposed areas of the hinges. Samsung spent eight years developing the Galaxy Fold. The company said it will “announce the release date in the coming weeks.” After the report, Samsung shares declined over 1.5%.

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