SEOUL, South Korea — Declining smartphone prices hit profit at Samsung Electronics Co. for a second straight quarter.
The consumer technology heavyweight said Tuesday that it expects operating income of about 8.4 trillion won (US$8 billion) for the January-March quarter, down 4% from a year earlier. Sales were flat at 53 trillion won. Samsung, the world’s largest maker of smartphones, televisions and memory chips, will release full quarterly results later this month.
The operating profit was in line with the median estimate by analysts surveyed by FactSet. Compared with the previous quarter, sales sank 11% while operating income inched up 1%.
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