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Samsung's lower first-quarter estimate highlights smartphone challenges

Samsung Electronics Co Ltd on Tuesday said it is on track to post its second straight quarter of profit decline, as slowing smartphone sales growth continued to weigh on earnings. The South Korean tech giant estimated that its January-March operating profit fell by 4.3 percent to 8.4 trillion won ($7.96 billion), slightly below an average forecast of 8.5 trillion won by 40 analysts polled by …

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#analysts-polled #electronics #january #operating-profit #samsung #slightly-below #slowing-smartphone #tech-giant #weigh-on-earnings

Samsung Elec Q1 guidance slightly below forecasts

Samsung Electronics Co Ltd on Tuesday said it is on track to post its second straight quarter of profit decline, as slowing smartphone sales growth continued to weigh on earnings. The South Korean tech giant estimated that its January-March operating profit fell by 4.3 percent to 8.4 trillion won, slightly below an average forecast of 8.5 trillion won by 40 analysts polled by Thomson …

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#4-3-percent #8-4-trillion #analysts-polled #january #post-its #sales-growth #samsung #second-straight #slightly-below #slowing-smartphone #south #south-korean #tech-giant #thomson

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