Smartphones

The smartphone maker’s shares could continue its advance if its earnings, due on Aug 18, show it has a handle on rising material costs

The Galaxy Unpacked event will be in London

Huawei Technologies leads the market with a 21 per cent

The impact is being felt most acutely in lower-end smartphones

This comes as overall shipments drop 4% in the world’s largest smartphone market

The decline is primarily driven by memory players prioritising AI data centres over consumer electronics

[SAN FRANCISCO] In 2014, Amazon introduced its first smartphone, hoping to take on Apple and Samsung. Instead, the Fire Phone – overseen directly by founder Jeff Bezos – was scrapped in barely over a year, one of Amazon’s highest-profile flops.

The US tech giant’s tight grip on its supply chain leaves it better placed than rivals to absorb the impact of soaring memory chip costs

The Korean company will begin by halting sales in its home market