Samsung expects big boost in third quarter

The slowdown in tech doesn’t appear to be weighing on Samsung as much as it has in the past. The company predicts its operating profit for the third quarter would come around $10.6B, an increase of 58% compared with the year-ago period. It also said its revenue increased by nearly 5% to $57B. The quarter represents a rebound of sorts for the Korean electronics giant, which in the year-ago period reported a 56% decline in operating profit.

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