Samsung warns of 56% profit slide, but two of its biggest rivals will help it recover

Samsung on Tuesday released its earnings guidance for the third quarter, ahead of unveiling its actual results for the quarter later this month, and quickly made headlines for saying the company is expecting to reveal a 56% slide in its profit. The decline, according to the company, is attributable to falling demand for Samsung's memory chips -- one of the electronics giant's myriad product lines in addition to big-ticket items like TVs and its smartphone brands. Per the company's announcement, ...