(MENAFN) Samsung Electronics announced posting operating profit of USD5.9 billion in the second quarter, less than previously projected due to weak demand for Galaxy 6 smartphones.
On an annual basis, operating profit dropped 4.03 percent from the same quarter a year ago; however, it increased 15.36 percent from the previous three months, a regulatory filing showed.
Meanwhile, revenue decreased 7.29 percent in the April-June period of the year, reaching USD41.83 billion, while the electronic giant's net income dropped 7.97 percent to USD49.6 billion.
The poor earnings came as Samsung failed to provide sufficient curved screens for the Galaxy S6 Edge model due to the misreading of consumer demand while losing its smartphone market share in China.
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