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Samsung Electronics Heads For Annual Profit Fall After Weak Third-Quarter Guidance

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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Visitors walk past the Samsung stand at the Mobile World Congress in BarcelonaBy Se Young Lee SEOUL (Reuters) - Samsung Electronics Co Ltd is heading for its first annual earnings drop since 2011 after it revealed its July-September profit would be the lowest in more than three years and said short-term prospects for smartphones were uncertain. The world's smartphone leader has seen its global market share decline in annual terms for the past two quarters, according to Strategy Analytics, out-classed by Apple Inc's iPhones in the premium segment and undercut by Chinese rivals like Lenovo Group Ltd and Xiaomi Inc at the bottom end. Even so, Samsung's shares had jumped 1. ...




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