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Samsung expects smartphone market slowdown to hit profits

2014-07-08 13:07:38| InfoWorld: Top News

Samsung Electronics is expecting a drop in its operating profit for the third consecutive quarter, citing an overall slowdown in smartphone market growth and increased competition in China and some European markets. The company was also hit in the second quarter by the appreciation of the Korean won against the U.S. dollar, the euro, and most emerging markets currencies, it said Tuesday in an earnings guidance.

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