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Samsung quarterly profit set to slump 25 percent

By Joyce Lee

Oct 6 2022 12:21PM

First decline in nearly three years.

Samsung quarterly profit set to slump 25 percent

Samsung's third-quarter profit could tumble 25 percent, the first year-on-year decline in nearly three years, as an economic downturn saps demand for electronic devices and the chips that power them. Globally, inflation is on the rise, central banks are aggressively hiking interest rates, ...

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