Smartphones weigh on Samsung as guidance disappoints

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Bad news for the air freight and hi-tech logistics sectors out of South Korea, where Samsung has warned investors that its profits are likely to fall by 25% as a result of declining smartphone sales. Analysts said the decline was due to a combination of “market growth, intensifying price competition at the lower end and the looming threat of the new Apple iPhone”. While it appears that much of its troubles are self-inflicted, external research does point to a slowing ...