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Samsung profit plunges 60% amid smartphone troubles

Samsung profit plunges 60% amid smartphone troubles

CNN Business - by Charles Riley

Samsung earnings plunged in the third quarter as the company's smartphone business was squeezed by competitors at both ends of the cost spectrum. The South Korea-based firm posted operating profit of 4.1 trillion won ($3.9 billion) for the third quarter -- a 60% decline from the previous year. Third …

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