Samsung may tap $55B cash reserves for share buyback

With discouraging response towards the new Galaxy smartphone, Samsubg's share price continued to move down in the market. Samsung's stock was trading 13 percent lower this year so far. Already Samsung's market capitalization dropped by $25 billion following lukewarm sales of S6 and Note 5 devices.

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Samsung Elec's Galaxy S6 April sales suggest good start: researcher

Sales of Samsung Electronics Co Ltd's flagship Galaxy S6 smartphones reached 6 million units at the end of April, less than a month after their launch, researcher Counterpoint said on Tuesday, suggesting a positive start.

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