Samsung Electronics flags 4.2% drop in second quarter profit

GMT 23:59 2015 Monday ,06 July

Arab Today, arab today Samsung Electronics flags 4.2% drop in second quarter profit

Samsung Electronics
Seoul - Arab Today

Samsung Electronics on Tuesday flagged a second quarter drop in operating profit that missed analyst estimates after sales of its newest flagship smartphone failed to meet expectations.

In an earnings estimate, the giant South Korean smartphone and memory-chip maker predicted operating profit of around 6.9 trillion won ($6.1 billion) for the April-June period, down 4.2 percent from a year earlier.

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