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Samsung relying on 5G and foldable smartphones to boost mobile division

October 31, 2018

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The competition is fierce on the mobile market, that’s a fact. Samsung reported its Q3 2018 results, and, on such a competitive landscape, despite solid sales of its flagship smartphones, “the IT & Mobile Communications (IM) Division reported a drop in earnings”, says the report. The Korean giant justifies flat smartphone shipments by a decrease of mid- to low-end product sales. Consequently, profit was down to which increased promotional costs contributed.

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