In addition, the company's net income of $702 million is down 83.4 percent from a year ago, due to charges for pensions, benefits and more.
A decade of quarterly losses continues for Sprint as the company optimistically looks for bright spots in its earnings picture.
A manufacturing defect, which affected only a very small number of phones, has been corrected on the production line, the company said.
In the second quarter, the global smartwatch market fell 32 percent from the same quarter in 2015, marking the first-ever smartwatch shipment decline.
The company brought in $40.52B in revenue and $3.4B in net income, though its consumer mobile service revenue fell from a year ago.
Gorilla Glass 5 can withstand falls up to 5 feet onto asphalt about 80 percent of the time, Corning said. That's up from 3.2 feet with Gorilla Glass 4.
Consumer Reports claims that water tests showed two S7 Active phones leak and be ruined. Samsung said it stands behind the phones.
NEWS ANALYSIS: Much will hinge on whether Softbank fulfills its pledge to keep ARM as a separate company and retain its executives, analysts say.
SoftBank says it is buying ARM to grow its business in the Internet of Things marketplace globally and will invest in and expand ARM's size.
Google, using the Daydream Android-based VR technology as a stepping stone, reportedly has a grand plan for bringing together VR and AR.
Businesses that want to be featured in Pokémon GO will now be able to pay to sponsor the locations used in the game as monetization expands.
The latest charges include allegations that Google's search results favor its own search findings over those of competitors.
Customers can get up to 12 free Samsung Galaxy On5 or Galaxy J7 phones, for up to 12 mobile service lines under the promotion.
No specifications have been released yet for the handset, which will be displayed at a Samsung Galaxy Unpacked event in New York.
Today's wearables could look quite different by 2020 as some devices, such as smartwatches and fitness trackers, morph into new devices.