Samsung Electronics, disclosed on Friday the company’s expected operating profit for the second quarter in June is $13.2 billion. This is a drop from the $14 billion in the first quarter.
The year-on-year increase in June still remained at 5% which fell short of analyst’s expectation.
Also, Samsung Electronics shares dropped by 2% today after trading in Seoul.
The electronics company has also seen a slower than expected sales of the Galaxy S9 and reduced demand for some memory chips according to analysts
This will be the first profit drop for the company which has previously recorded higher profits in the last four quarters.
