Samsung's operating profit estimate for the second quarter was also lower than the 15.6 trillion won or US$14 billion profit it generated during the January-March period.
Samsung has put out earnings guidance for its Q2 which indicate quarterly growth at its slowest for more than a year - as a lack of new ideas to sell high end smartphones drags on the company's bottom line.
"It is going to be tough".
Brazil, France target World Cup semi-finals
These two teams have struggled to make the semi-final stages of the World Cup in the last few decades. Especially John Stones , if you believe the photos that came out of the England players' celebrations.
Former Malaysian PM arrested in stunning fall from grace
Najib was arrested by Malaysian anti-corruption agents and Malaysian authorities said he will be charged in court on Wednesday. Founded by Najib in 2009, 1MDB is being investigated in at least six countries for alleged money laundering and graft.
Woods' best in three months, Molinari's first PGA win at TPC Potomac
Italy's Francesco Molinari and American Billy Horschel were on 132 with Zac Blair on 133 and a pack on 134 including Taiwan's C.T. When co-leader Ancer opened with a bogey, finding sand with his first two shots, Molinari took the lead for good.
Samsung has since acknowledged its plan to expand its smartphone portfolio.
Samsung reports that, during Q2 2018, the company saw a Consolidated Operating Profit of about 14.8 trillion won, with Consolidated Sales of about 58 trillion won. The firm did not elaborate and will release detailed earnings in late July. As for the pricing, the foldable device could cost $1,850 (approximately Rs 12,6752).
Investors are growing increasingly concerned however about the prospect of an all-out trade war between China and the United States, and how this could impact major exporters like South Korea's tech champions.
The Korean conglomerate is said to have figured out a way to make large-capacity batteries that can store between 3,000mAh and 6,000mAh of power, reports ITHome. According to the company's guidance, things are not looking so good, and with an operating profit that is expected to be just 5.1 percent, Samsung better hope that the upcoming Galaxy Note 9 is going to be a "home run" victor.