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Samsung's chip and smartphone segments face falling profits

Declines in memory chip prices weigh on company's earnings

Samsung's smartphone unit reported falling profit as competition with rivals Apple and Huawei has intensified.   © Reuters
KENICHI YAMADA, Nikkei staff writer | South Korea

SEOUL -- Falling prices for memory chips sent South Korean electronics giant Samsung Electronics' profits tumbling, financial results for the company's individual business segments show.

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