Samsung has faced problems with profitability in recent years. The company, however, saw a bounce-back with strong sales of its Galaxy S7, released in 2016.
In 2016, Samsung also faced a crisis when Galaxy Note 7 devices, announced in August, were reported to be catching fire.
The battery of the Galaxy Note 7 contained several design flaws that mean the separator, designed to prevent the device from short circuiting, could bend leading to both positive and negative electrodes to touch one another and in turn short-circuit the device.
Samsung was originally founded in 1938. After selling off its printer division earlier this year Samsung may divest further divisions in the future.
