The success of its smartphones has been a key driver of Samsung's growth in recent years
Samsung Electronics, the world's biggest mobile phone and TV maker, has forecast weaker-than-expected profits for the April to June quarter.
It has estimated an operating profit of 9.5 trillion won ($8.3bn; £5.5bn) for the quarter. Most analysts had expected a figure closer to 10.1tn won.
The success of its smartphones has been key to Samsung's recent growth.
However there have been concerns that its growth rate may be slowing despite the launch of new models.
Samsung share dipped more than 2% after the profit guidance. Its shares have dropped more than 15% since early June, after a various brokerages downgraded their outlook for the firm.
"The slowdown in its handset business appears to be worse than expected and the disappointing result simply reinforces the market view that Samsung's smartphone growth momentum is slowing," said Lee Sei-chul, an analyst at Seoul-based Meritz Securities.
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Source: BBC News - Business http://www.bbc.co.uk/news/business-23192664#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
