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Qualcomm expects to lose a large customer’s flagship device

Qualcomm has faced challenges recently, but it remains the leader in mobile chips. Ben Fox Rubin/CNET Qualcomm is losing its spot in one of the industry’s marquee smartphones. The company cut its guidance for the year on Wednesday, saying it expects a large customer to opt not to use its new Snapdragon 810 chip in its flagship device. The disclosure …

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Samsung’s smartphone woes continue with Q4 profit drop

Samsung’s new devices, including the Galaxy Note Edge, haven’t helped it bounce back yet. Sarah Tew/CNET It’s tough to be Samsung right now. The South Korean electronics giant on Wednesday reported a 36 percent drop in companywide operating profit from a year earlier, to 5.3 trillion won ($4.9 billion). The fifth consecutive quarterly decline in operating profit year over year …

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