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Thursday 23 January 2014

Samsung profits drop as the company faces fierce competition in both low and high end markets

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Things are not happy and beautiful any longer for Samsung, the world’s number one smartphones manufacturer. As reported by Bloomberg, the Korean giant has posted its slowest growth since 2011.


Who’s to blame for the slow growth pace? For one, there is Lenovo, Huawei and other makers of cheap smartphones who’ve been flooding the markets in many areas, especially in Asia, a strong ground for Samsung. Apple is also partly responsible from Samsung’s decline as the fruity company has been luring high-end customers away from the Galaxy line maker…(...)

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"Samsung profits drop as the company faces fierce competition in both low and high end markets" is an article by iDownloadBlog.com.

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