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Samsung Expects Memory Shortage To Continue

Samsung, which is also the world’s third-largest mobile phone producer, said it expected to sell more handsets in the second quarter after shipping a record 20.1 million in the first quarter, driven by U.S. and Asian demand.

Smaller handset rival LG Electronics Inc also offered an upbeat outlook, saying it predicted its cellphone profit margins would improve in the second quarter, helped by a rise in shipments and sales of high-end handsets such as third-generation models.

Read the full story at Reuters.