Samsung Electronics forecasts its second-quarter profit has dropped 4% from last year. The Galaxy smartphones manufacture said in its earnings preview on Tuesday that its April-June operating profit was 6.9 trillion won ($6.1 billion), making this the seventh consecutive quarter with fallen profits.
The South Korean giant hoped to boost it sales with the Samsung S6 launched in April, but sales fell short of expectations. The company said sales fell 8% over a year earlier.
Samsung is expected to post final earnings later this month.
