Local smartphone market dries up.

SmartphoneAfter 5 years of growth, the local smartphone market prepares to shrink as much as 14% for the current year. South Korea has the highest density of smartphones users in the world. Internationally, Samsung had released 37 mostly low-end phones last year alone. Amazing how that compares to a single high-end phone from Apple (except for two phones in 2013). Samsung relies heavily on new phone sales and a slowdown could cause problems for their electronics division.

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