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Samsung Elec’s 2nd-half earnings might be hit by Europe

Samsung Electronics’ second-half performance might be hit by weak European markets, and the launch of its new smartphones is key as the world’s number one memory chipmaker is set to report a record quarterly profit.

The mainstay memory chip unit of Samsung is benefitting from a robust recovery in the global consumer electronics market, but Apple’s fastest ever global rollout of its latest iPhone is posing as a strong headwind to Samsung’s nascent smartphone business.

(Source: CNBC)