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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

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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.

Seoul

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