Samsung profit likely halved amid Huawei crackdown

Samsung Electronics expects its operating profit to decline by more than half compared to the previous year, according to the company's earnings guidance, which will drop 56% to 6.5 trillion won ($ 5.56 billion) "He said.

Samsung Electronics is expected to show the lowest profit from the third quarter of 2016 when Samsung Electronics was hit by the Galaxy Note 7. Although Samsung has not fully explained its earnings guidance, analysts suggest that Huawei's crackdown may have had a significant impact on Samsung's core chip business. On the other hand, there is a possibility that Samsung Electronics will help sell smartphones in some markets.

Although Samsung Electronics did not benefit from the one-off profitability of its display division, the situation could have worsened. Analysts said in an interview with Reuters that the company, which uses Samsung's OLED screen on its iPhone, compensated about 800 billion won ($ 684 million) for missing the agreed sales target.

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