Samsung Electronics Q4 guidance underscores tech sector headwinds

Shares of the world’s No.1 maker of memory chips and smartphones touched a three-month low on Thursday as investors braced for downside risks, with some brokerages having tipped profit to have fallen as low as 6 trillion won. (Reuters photo) Tech giant Samsung Electronics Co Ltd said on Friday its fourth-quarter operating profit likely rose 15 percent from a year earlier, missing expectations and fuelling concerns the tech industry may be in for a tough year of slack gadget sales.
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