News Summary

• Samsung confirms that its mobile division has posted an operating loss year-over-year.
• The company blames “increased cost burdens” around “rising component costs” Samsung has reportedly been concerned about this for months, with reports in March and April detailing Samsung’s internal talks around the potential loss.
• In Q3 it plans to “drive growth” by focusing on “high-value-added products” such as its Ultra smartphones and the Galaxy Z Fold 8 series.