The South Korean electronics giant said net profit came in at
Operating profit stood at
"The second quarter was affected by several factors including the slow global sales of smartphones and tablets and escalating marketing expenditure to reduce inventory," the company said in its earnings report.
"The appreciation of the Korean currency also chipped away at this quarter's operating profits, which amounted to about
The won is currently running at six-year highs against the dollar, impacting
Thursday's figures were in line with earnings estimates released earlier this month, when Samsung also issued an explanatory note attributing the profit decline to increased competition from cheap Chinese devices.
Samsung had expressed cautious optimism about a more positive third quarter with the release of its new smartphone lineup, and a much lower marketing spend compared with the second quarter.
But while the company is expected to roll out a new version of its popular oversized Galaxy Note smartphone, the next quarter will also see the expected launch of the iPhone 6 by chief high-end rival Apple.
Fears over reliance on smartphones
Alarm bells have been sounding for a while over Samsung's reliance on smartphone sales in mature markets such as
The world's largest smartphone maker has a diverse product line ranging from memory chips to home appliances, but more than half of its profits are generated by mobile devices.
Second quarter sales of its mobile unit fell 20 percent on-year to
The consumer electronics unit -- selling products from TVs to refrigerators -- saw operating profit surge 80 percent on-year to
April saw the global roll-out of the latest version of Samsung's flagship Galaxy series smartphone, the Galaxy S5, which came with a free premium software bundle valued at more than
Initial sales of the S5 were positive, although critics said it offered little in the way of real innovation to set it apart from the iPhone and the Chinese handsets.
There is a general consensus that smartphone evolution has hit a barrier that will only allow incremental improvements on existing design and technology, rather than market-changing reinvention.
Samsung remained the world's top vendor with 74 million handsets shipped, but saw its overall market share slip seven percent.
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