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Samsung Electronics expects weakest quarterly earnings in 14 years

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Samsung Electronics KR:005930 said Friday that it expects its second-quarter operating profit to fall 96% on year, which would be its weakest performance in more than 14 years.

The preliminary earnings outlook suggests that the world’s largest manufacturer of memory chips, smartphones and televisions continues to struggle with weak global demand for tech products and semiconductors despite chip supply being reduced to address a glut.


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