Samsung Electronics Braces for Profit Drop as China Slowdown Chips Away at Demand

Samsung Electronics Co is set to post its first drop in quarterly operating profit in two years as slowing economic growth in China, a key market for the South Korean tech giant, erodes demand for its products. Bleak results from the world’s top maker of semiconductors and smartphones would add to worries for investors, already on edge after Samsung’s biggest rival Apple this week took the rare step of cutting its sales forecast on slowing iPhone demand in China. Samsung, due to publish preliminary fourth-quarter results on January 8, is expected to…

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