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SEOUL: Samsung Electronics Co Ltd's quarterly operating profit surged 26 percent to a new record, matching estimates and powered by a strong recovery in its memory chip business as smartphone sales growth eases sharply.
The smartphone leader has posted a record profit in six of the past seven quarters but may find it hard to extend its winning streak without a new hit gadget, after less-than-spectacular launches of its Galaxy Gear smartwatch and Galaxy Round curved phone in recent months.
via Technology - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGrZJJ5hJedqpk5S9V3On9YVXkKJg&url=http://economictimes.indiatimes.com/news/international-business/samsung-electronics-reports-record-q3-warns-of-slower-smartphone-growth/articleshow/24687744.cms
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