South Korean electronics giant Samsung reported a 37.6% drop in operating profit in Q2 2015. So the corporation could yield almost €2.1 billion.
The smartphone maker explains that operating profits missed estimates after sales of its newest flagship device Galaxy S6 failed to meet expectations.
The quarterly profit of all Samsung Electronics divisions sank 8%. The Korean smartphone maker has seen profits sag since late 2013 due to fierce competition in a highly saturated smartphone market. Samsung has faced a double challenge from US arch-rival Apple and rising Chinese firms. Besides, some large retailers rejected deliveries from Samsung Electronics after having detected a big portion of faulty products.
