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Samsung issues weaker than expected profit forecast

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Image Source : Top News

Samsung has estimated an operating profit of 9.5 trillion and most of the analysts has hit many guesses to the same but the result proved them wrong. Samsung has developed and released smartphones which have complicated technologies that have changed the user experience and the demand of people wanting more. Samsung shares fell 3.8% after the profit guidance.

Lee Sei-chul ( Analyst at Meritz Securities ) says ;

The slowdown in its handset business appears to be worse than expected and the disappointing result simply reinforces the market view that Samsung’s smartphone growth momentum is slowing. 

Byun Han-Joon ( Analyst at KB Investment & Securities ) says ;

It’s more likely to complement its earnings at best. 

Jung Sang-Jin ( Fund Manager at Dongbu Asset Management ) added ;

The problem is no one is sure whether these products can really wow investors and consumers. 

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