Samsung Expects a Nearly $7 Billion Quarterly Profit. Why It Apologized.

Samsung Expects a Nearly $7 Billion Quarterly Profit. Why It Apologized.·Barrons.com
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Not so for Samsung Electronics which accompanied its profit forecast on Tuesday with an apology. Samsung stock fell 1.2% in local trading on the Korea Exchange on Tuesday after its profit forecast for the third quarter fell short of expectations. “Today, Samsung Electronics management would like to apologize to you first,” Jun Young-hyun, the newly appointed head of the company’s chip business, said in a public letter.

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