Samsung Warns of Competition as Investors Vote on Board Changes - Twice

Samsung Warns of Competition as Investors Vote on Board Changes

"Samsung Electronics Co. warned of rising competition across businesses from smartphones to memory chips, again sounding a dour note for the global technology industry in 2016. The world's largest smartphone vendor faces another difficult year after a 2015 plagued by economic turbulence and volatile exchange rates, Chief Executive Officer Kwon Oh-Hyun said in a letter to shareholders ahead of their annual meeting on Friday."
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“We expect core products of our company, such as smartphone, TV, and memory, will face oversupply issues and intensified price competition,” Samsung's CEO said in his annual letter. 

"Samsung Electronics Co. warned of rising competition across businesses from smartphones to memory chips, again sounding a dour note for the global technology industry in 2016. The world's largest smartphone vendor faces another difficult year after a 2015 plagued by economic turbulence and volatile exchange rates, Chief Executive Officer Kwon Oh-Hyun said in a letter to shareholders ahead of their annual meeting on Friday."

Read More at Bloomberg

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