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Samsung earnings were as bad as the company had predicted, and the future isn't looking great, either.
Its second quarter earnings marked Samsung's smallest profit in two years, bringing in $6.1 billion on sharply declining smartphone sales
The South Korean conglomerate still has the largest individual share of the global smartphone market at 25.2%, but that number is markedly lower than the roughly 32% it logged in 2013
Competition from both ends of the price spectrum have nipped at Samsung's businessApple's iPhone sales have proven resilient in the high-end marketChinese smartphone makers are moving in on Samsung's place among more frugal consumers. Read more...
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