Samsung faces smartphone challenge
Samsung Electronics is predicting a 25% drop in
profit for the April-to-June period, hit partly by the slowdown in the
smartphone market and partly by the strength of the Korean currency.
It expects to make an
operating profit of 7.2 trillion won ($7.1bn; £4.2bn) for the quarter,
down from 9.5 trillion won a year ago.
The mobile phone unit
accounts for a large part of Samsung's profit and there are concerns the
company may have become too dependent on the division.
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