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After dismal 2014, Samsung Electronics charts recovery with new Galaxy phones

2015-04-02 23:54:11| Semiconductors - Topix.net

Tech giant Samsung Electronics Co Ltd likely saw January-March earnings slip for the sixth straight quarter, but investors are betting on a rebound this year on healthy chip sales and high hopes for its new flagship smartphones. Shares in South Korea-based Samsung hit a more-than 21 month high in mid-March as brokerages raised profit forecasts and target prices on its improving business outlook.

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