Samsung starts to struggle

A slowdown in smartphone sales has dented profits at the Korean tech giant. But that’s not the only problem. Alice Gråhns reports.

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A new smartphone will be launched in August

"Samsung's winning streak is over," says Jacky Wong in The Wall Street Journal. Last week the $300bn technology giant announced that it expects its operating profit last quarter to have undershot analysts' estimates and dropped by 5.4% compared with the previous three months, down to around $13.2bn. That would mark the first quarterly decline in two years. Samsung also reckons that sales in the three months to June fell 5% to $52bn year-on-year.

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Alice grew up in Stockholm and studied at the University of the Arts London, where she gained a first-class BA in Journalism. She has written for several publications in Stockholm and London, and joined MoneyWeek in 2017.