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Samsung Says Q3 Earnings Likely Down 60 Percent

Samsung, the world's largest smartphone maker, says earnings in the third quarter likely dropped to their lowest level in nearly three years. In a statement, Samsung estimated operating profit for the quarter ending in September was $3.8 billion. That is down nearly 60 percent from last year. Third quarter sales also plunged an estimated 20 percent, to $44.2 billion. Samsung has struggled to keep up with competition from Apple's new iPhones, which have larger screens, and...

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