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APR 08, 2014 - Yahoo! News

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Samsung's lower first-quarter estimate highlights smartphone challenges

Samsung Electronics Co Ltd on Tuesday said it is on track to post its second straight quarter of profit decline, as slowing smartphone sales growth continued to weigh on earnings. The South Korean tech giant estimated that its January-March operating profit fell by 4.3 percent to 8.4 trillion won ($7.96 billion), slightly below an average forecast of 8.5 trillion won by 40 analysts polled by Thomson Reuters I/B/E/S. The world's biggest smartphone maker is counting on the fifth version of its flagship Galaxy S smartphone, which goes on sale globally from Friday, to right the ship and ... Read More

Tags: Samsung's lower first-quarter estimate highlights smartphone challenges,  Apple Inc Latest News