“The high-end smartphone market is split between Samsung and Apple, with their operating profit margins staying high at 30-50 percent at present,” Nomura analyst Marcello Ahn said. “Going forward, if price competition between the two intensifies, we think smartphone margins may decline at a pace faster than our expectation.”
The slow revival in the global economy as well as the persistent debt crisis in Europe could delay a revival in the personal computer industry, crippling sales of memory chips.
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By Andrew P. Napolitano
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