Samsung flags 37% on-year fall in Q4 profit
Samsung Electronics
Seoul - AFP
Samsung Electronics on Thursday flagged a further on-year plunge in profits for the fourth quarter, as the world's top smartphone producer continued to battle stiff competition from Chinese makers.
Operating profit for the October-December period was estimated at 5.2 trillion won ($4.7 billion), down 37.4 percent from the fourth quarter last year, the company said.
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