NEW YORK | Samsung, like Apple, feels sting of slowing global growth

8Jan - by Editor - 0 - In STL.News

NEW YORK —January 08, 2019— Samsung expects its quarterly operating profit will be nearly 29 percent lower than last year, potentially unsettling a tech sector already skittish about slowing global economic growth.

The announcement from the South Korean computer chip and smartphone giant comes less than a week after Apple Inc. jolted markets with its weak expectations for revenue to end the year, citing flagging sales in China.

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