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Samsung Electronics Q2 profit down 4%, hurt by supply shortage for key phone
[SEOUL] Samsung Electronics Co Ltd said on Thursday its April-June operating profit fell 4 percent from a year earlier, in line with its earnings guidance, hurt by a supply shortage for one of its main smartphone models.
Samsung, the world's top smartphone maker, reported a 6.9 trillion won (S$8 billion) profit for the second quarter, matching a preliminary estimate given early this month. It was its best quarterly operating profit in a year.
Profit for the mobile division fell to 2.76 trillion won from 4.42 trillion won a year earlier. Analysts say the South Korean firm struggled to meet demand for the S6 edge phone because the curved screen for the device is harder to make.