Samsung Warns of 2016 Tech Gloom, Opens Up Chairman's Seat
- Galaxy maker again downbeat on the economy this year
- Warning comes as Samsung opens chairman's role for first time
Samsung Warns of a 'Difficult Year'
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Samsung Electronics Co. warned of rising competition across businesses from smartphones to memory chips, again sounding a dour note for the global technology industry in 2016.
The world’s largest smartphone vendor faces another difficult year after a 2015 plagued by economic turbulence and volatile exchange rates, Chief Executive Officer Kwon Oh-Hyun said in a letter to shareholders ahead of their annual meeting on Friday.