December 25, 2024

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Samsung warns of tough 2016 after 4Q profit sinks

SEOUL, Korea, Republic Of — Samsung Electronics reported Thursday a bigger-than-expected decline in fourth quarter earnings as its mainstay smartphone and semiconductor businesses suffered from weakening global demand for consumer electronics. The South Korean company also warned a recovery in profit is unlikely during the first half of this year due to a tough business environment. Samsung's net profit for the October-December period plunged 40 …

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