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With Galaxy S7, Samsung seen rediscovering its mobile mojo

Seoul

EARLY indications of stronger-than-expected sales of new Galaxy S7 smartphones suggest technology giant Samsung Electronics Co Ltd is emerging from a two-year decline at its flagship mobile business.

Squeezed by Apple Inc in premium products and undercut by Chinese rivals like Huawei in cheaper devices, Samsung's smartphone profits and global market share have fallen and sapped momentum at South Korea's most valuable company.

But several brokerages on Wednesday upgraded first-quarter forecasts...

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