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Samsung falls victim to China slowdown, following Apple

Headwinds slam memory chip and smartphone segments

A mobile phone store in Hefei, China. Apple and Samsung have both issued earnings warnings due to weakness in the Chinese economy.   © Reuters

SEOUL -- Samsung Electronics' disappointing fourth-quarter earnings report comes less than a week after Apple cut its revenue estimate, underlining the global repercussions of the Chinese economic slowdown.

Both of the South Korean company's core businesses -- memory chips and smartphones -- are facing downturns this year. With no other growth business to fill the hole, Samsung finds itself scrambling to trim the fat.

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