Samsung Net-profit

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Samsung Q1 net profit falls 40 percent as smartphone sales slump
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Samsung Q1 net profit falls 40 percent as smartphone sales slump

Facing increasing competition from arch rival Apple and smaller Chinese manufacturers, the world's top handset maker reported a net profit of 4.6 trillion won ($4.3 billion) for the January-March period, down 38.9 per cent from a year earlier.