Samsung Sees ‘Adverse’ Business Continuing After Net Falls
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Samsung Electronics Co., the world’s largest maker of TVs and flat-screen panels, said consumer-electronics sales may stay muted in the second quarter after profit fell for the first time in more than a year.
The company said demand for TVs and liquid-crystal display panels may be damped amid uncertainty about the global economy. The Suwon, South Korea-based manufacturer of Galaxy smartphones and tablets reported a 30 percent drop in first-quarter net income today as competition drove down prices.