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LG Electronics second-quarter profit slumps 60 percent on weak TV, smartphone sales

2015-07-29 09:37:40| Electronics - Topix.net

South Korea's LG Electronics Inc said on Wednesday its quarterly profit skidded 60 percent, plummeting below estimates, as sales of televisions and smartphones buckled under weaker demand and intense competition from rivals. LG, the world's No.

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