Samsung's phone fortunes wane as COVID-19 hits 5G phones in Europe and U.S.

SEOUL (Reuters) - When the coronavirus outbreak in China disrupted global smartphone production in February, Samsung looked set to weather the crisis better than most thanks to its limited exposure there and launches of pricey 5G phones. Its fortunes are reversing.The world's biggest smartphone vendor, Samsung Electronics Co in full, warned on Wednesday of a significant drop in mobile earnings in the second quarter, as recession fears dampen demand for high-end models and carriers in major..