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Samsung's Q1 profit gets boost from S7

But global smartphone industry struggling to come up with a new hit product

Samsung moved up the S7 release date to March, about a month earlier than its predecessor, priced it lower and also fixed criticisms of the earlier model to capture customers between new product releases by Apple Inc.


SAMSUNG Electronics Co's first-quarter profit benefited from the early release of its newest smartphones, yet investors are wondering whether the industry is running out of steam as it seeks a new hit product.

Samsung priced the Galaxy S7 below its predecessor and also fixed

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