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Samsung's Q2 profit growth to take hit after lacklustre smartphone sales

Samsung's lead over Apple Inc in the global smartphone market is under pressure after the US firm's iPhone X exceeded market expectations while lack of technological innovation dogs Samsung offerings

Reuters  |  Seoul 

Samsung Electronics Co Ltd is expected to post its smallest profit growth in more than a year in the second quarter, as lacklustre sales of its premium Galaxy smartphones overshadow its highly profitable chip business. Analysts expect Samsung's smartphone sales to drop in the April-June quarter, following a more than 2 per cent drop in the previous quarter as consumers flock to cheaper models from Chinese rivals such as Xiaomi Corp. Samsung's lead over Apple Inc in the global smartphone market is under pressure after the US firm's iPhone X exceeded market expectations ...

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First Published: Wed, July 04 2018. 08:48 IST
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