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Samsung faces steep 80% profit decline amidst chip inventory surplus [TechSpot]
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Samsung will announce its third-quarter preliminary earnings on Wednesday. According to estimates from 19 analysts (via Reuters), its operating profit likely fell to 2.1 trillion won ($1.56 billion) in the July-September quarter. That marks an 80% decline compared to the 10.85 trillion won ($8.06 billion) operating profit Samsung generated during the same quarter last year.