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Abigail Avery

Samsung Earnings Put New Foldables at the Center of Its Asia Strategy

Samsung’s record second-quarter earnings were powered almost entirely by its semiconductor business, masking losses in the division that includes smartphones, televisions and home appliances. With the mobile business under pressure from higher component costs, Samsung is relying on the newly launched Galaxy Z Fold8 Ultra, Fold8 and Flip8 to lift premium sales and improve the…

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