Samsung falls on weak profit forecast

Suzie Neuwirth

ELECTRONICS giant Samsung’s shares fell four per cent in Korea this morning, after second quarter profit guidance fell short of analysts’ expectations.

The world’s biggest smartphone maker estimates operating profit of around 9.5trn won (£5.5bn), an eight per cent increase quarter-on-quarter.

The slowdown in the smartphone market and the launch of products from rival manufacturers has raised concerns that Samsung’s growth will falter.