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Samsung made a ton of cash even though its flagship phones were a fiery disaster

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If you only read the headlines, you’d think Samsung was in a tailspin.

Its Galaxy Note 7 flagship phone, heralded as a true competitor to Apple’s iPhone, was a disaster. Battery fires forced Samsung to stop selling the phones and recall them entirely. Seemingly ever single flight around the world for months surrounding the situation included a warning: No Samsung Note 7s.

Things weren’t any better elsewhere in the company. Lee Jae-yong, vice chairman and de facto head of Samsung, was arrested in February on corruption allegations involving the president of Korea. Read more…

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