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SK Hynix sinks to loss on oversupply, weak demand

By Youkyung Lee
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SEOUL, South Korea (AP) — SK Hynix Co., which supplies mobile chips to Apple Inc., sank to a quarterly loss as oversupply battered mobile chip prices while demand for personal computers weakened.

SK Hynix said Thursday its net loss totaled 53 billion won ($46 million) in the April-June period on revenue of 2.6 trillion won.

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