Strong sales of Galaxy phones propelled Samsung's quarterly
profit to a proof high, but its shares dropped on Friday on the prospect its
growth will slow in an more and more packed smartphone market.
The company's shares fell 2 per cent in Seoul after the earnings announcement.
Analysts said depositor are worried that the widespread adoption of smartphones
in developed markets and heightened competition from rivals could squeeze
profit from the lucrative smartphone business. Samsung and Apple Inc. together
account for nearly half of global smartphone sales.
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