Samsung’s second quarter profit seen flagging as smartphone innovation dries up

FILE PHOTO: A close-up view of a Samsung washing machine is seen in a store in Singapore January 26, 2018. REUTERS/Thomas White/File Photo

SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) is expected to post its smallest profit growth in more than a year in the second quarter, as lacklustre sales of its premium Galaxy smartphones overshadow its highly profitable chip business. Analysts expect Samsung’s smartphone sales to drop in the April-June quarter, following a more than 2 […]

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