The much awaited Samsung flagship smartphone, the Galaxy S8, would not make an appearance at the upcoming Mobile World Congress. Samsung's Mobile Communication President, Mr. Dong-Jin Koh, confirmed this in an interview with Reuters.

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It has been a tradition for Samsung to announce its flagship smartphones ahead of the Mobile World Congress, but this time, the company has opted to delay the release of the Samsung Galaxy S8.

Samsung is apparently treading carefully following the recent Note 7 debacle. The company appears to be working to address this issue before it releases new smartphones. Samsung has published the results of its internal investigation, concluding that the problem is the battery. Samsung switched batteries due to cramped up space in the case of its smartphones. However, the company later found out that these batteries have welding defects which are prone to short circuiting.

"The lessons of this incident are deeply reflected in our culture and process," a statement Koh said.

Samsung has announced its dismal third-quarter earnings, and it is clear that the Note 7's global recall impacted the profit of the company. With a drop in its profit of approximately $4.6billion, this was Samsung's all-time low since 2008.

It has been a tough year for the Korean Giant, but it is no secret that the company a new smartphone is in the works now. 

There is an unconfirmed rumor that Samsung has plans to hold an event in March for the launch of the Galaxy S8, which would eventually fo on sale on April 18.