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Samsung forecasts 25% dip in profit

  • Samsung has forecasted a 25% dip in profit for the second quarter. The drop is being attributed to a strong Korean currency and decline in the smartphone market.  

    The mobile phone maker expects a profit of 7.2 trillion won in the period of April-June, compared to 9.5 trillion won a year before.

    The South Korean company is the world’s biggest maker of mobiles phones, with the handset division accounting for most of its profits.

    Tagged as: Samsung, profit, mobile phones, South Korea, handsets, business news