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Samsung Electronics downbeat on third quarter prospects as profits slide

SEOUL - Samsung Electronics Co Ltd. on Thursday reported its worst quarterly profit in two years and flagged uncertain earnings prospects for its key handset business, fuelling worries about its ability to return to growth.

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Sony warns smartphone weakness will brake profit progress after first-quarter surge

TOKYO - Japan's Sony Corp warned it doesn't now expect to make money on smartphones this year, citing weak demand, as the consumer electronics maker said restructuring will still help it turn a profit on its TVs after 10 years of losses. | Video

Media 10:57am EDT

Xiaomi's star rises as Chinese handset makers gnaw at Samsung's share: report

BEIJING - Xiaomi Inc, the three-year old company known as the Apple of China, has become the world's No.5 smartphone maker by market share while Samsung Electronics Co Ltd's lead has continued to shrink, a report by Strategy Analytics shows.

Media 4:37am EDT

T-Mobile leads industry in subscriber additions

- T-Mobile US Inc on Thursday posted its first net profit in a year, raised its forecasts for subscriber growth and reported the most postpaid phone subscriber additions in the industry.

11:17am EDT

Panasonic confirms will invest in $5 billion Tesla battery plant

TOKYO - Panasonic Corp confirmed on Thursday it would invest in U.S. electric carmaker Tesla Motors Inc's planned $5 billion lithium-ion battery plant in the United States, but said it had yet to decide on the size of its investment.

6:28am EDT

New products to return Taiwan's HTC to growth by year end

TAIPEI - Taiwan's HTC Corp will return to growth in the final three months of 2014 after a bruising few years that has seen market share dwindle amid steep sales declines.

Media 7:11am EDT

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