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Robot king Fanuc risks missing out on 5G boom

After forecasting 60% profit drop, company faces new challenges as clients ditch metal casing

The industrial robot maker generates about a fifth of its sales in China. (Photo courtesy of Fanuc)

TOKYO -- Japanese robot maker Fanuc expects group net profit to plunge 60% in the fiscal year ending March 2020 amid a decline in smartphone-related orders, a trend that looks unlikely to improve even with the transition to 5G.

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