Samsung expects profit decline as pandemic hits sales
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April 28, 2020 7:27 PM
SEOUL, South Korea (AP) — Samsung Electronics Co. said Wednesday its operating profit for the first three months of 2020 rose 3.4% from a year earlier driven by increasing demands for computer chips. However, the company predicted its profit would decline in the current quarter with the coronavirus pandemic eating into global sales of smartphones, TVs and other products.
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