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Samsung Misses Estimates Because Of Galaxy S6

Samsung is having trouble luring consumers away from iPhone and Chinese knock-offs, and that is hurting the company's bottom line. The company posted second-quarter profit that missed analysts’ estimates. It is Samsung's seventh straight profit drop, fueled by Galaxy S6 falling sales, after winning early praise as a device that could attract users that had shifted to Apple’s iPhone 6. Production constraints for the model with a curved display haven't helped.

Read the whole story at Bloomberg »

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