The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Samsung Electronics warned its operating profit could fall a two-year low in the second quarter as it grapples with a slowdown in its smartphone business among other challenges - so are the South Korean tech giant's best days behind it?
The company on Tuesday said operating profit for the April-June quarter likely fell 24.5 percent on year to 7.2 trillion ($7.12 billion) on slower smartphone market growth, sluggish tablet sales and a stronger won.
The guidance, released ahead of full quarterly results due later this month, is below estimates from a Reuters poll for an operating profit of 8.3 trillion won.
"Samsung is running into some serious headwinds unless they do some dramatic things they face big longer-term challenges," Bob O'Donnell, founder and chief analyst, Technalysis Research told CNBC.
"They are a hardware-focused company, that's their lifeblood. But they need an alternative. If we see the hardware market overall peak in the next year or two, and they don't have a software and services story that's a problem." he added. The company's phone division accounts for over 70 percent of its total earnings.
Samsung faces tough competition in the high- and low-end of the smartphone market, with the swift rise of Chinese smartphone makers such as Xiaomi and Lenovo.
The company's global smartphone market share declined for the first time in four years in the first quarter, falling to 31.2 percent from 32.4 percent a year earlier, according to research firm Strategy Analytics.
Samsung's diverse product lineup - with both premium and low cost offerings - has long been cited as a key differentiator that gives the company an edge over competitors.
However, its low and mid-range smartphone business is struggling amid a lack of product refreshes, say analysts.
"The problem is their product portfolio hasn't been refreshed recently. They had really flooded the channel with mid and low-end products and are realizing a lot of them haven't sold. Now operators and retailers aren't buying more phones and they are stuck with lots of old models," said Mark Newman, an analyst at Sanford C. Bernstein.
As a result, Samsung took a hit to discount those phones and flush them out of the market, he said.
While Samsung's smartphone business will remain challenging, Newman, says it isn't all gloom and doom. He expects Samsung's component business to remain a bright spot for some time.
Newman maintains a 12-month price target of 2 million won for Samsung's stock - 55 percent higher than current levels.
"The company has $60 billion cash on the balance sheet… If they were to use their cash hoard to actually buyback shares then we could go well above 2 million won," he said. Samsung shares traded flat on Tuesday at 1.29 million won.
Mehdi Hosseini, senior analyst at Susquehanna Financial Group is also optimistic about Samsung's stock performance.
"We maintain our buy rating [on Samsung's stock] for a few reasons. Firstly the stock is cheap, secondly the company is expected to be more shareholder friendly by providing more of a capital return starting next year, and thirdly Samsung is expected to come out with a flexible display later this year and that could be a game changer," he said.