Samsung's falling profits: a smartphone tipping point?

Analysts say Samsung's weak profit forecasts indicate a decline in demand for smartphones

Customers at a Samsung store in Seoul
(Image credit: JUNG YEON-JE/AFP/Getty Images)

The unexpectedly weak quarterly profit forecast made by Samsung yesterday could represent an "ominous omen" for the smartphone market as a whole, analysts have said.

Samsung's operating income fell by approximately 24 per cent to 7.2 trillion won (£4.2bn) in the April-to-June period, the company said – its third straight quarterly drop.

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