Samsung Electronics has estimated that its profit margins for the second quarter of the year would drop 26 percent year-on-year after record profits last year.As its LCD display business is expected by analysts to fall, so too are its quarterly profits to 3.7 trillion Korean won, down from its record 5.01 trillion won profit from last year’s Q2, according to Reuters.
Samsung’s display division has recently been embroiled in a legal battle with its local competitor LG over its 3D TV display advertising campaign, while its smartphones have come under fire from Apple in the US with accusations of Samsung of stealing designs and technology.
Samsung is currently the major supplier of screens to Apple devices like the iPhone, being one of Samsung’s biggest clients.
The news of Samsung’s expected slump comes just after the company’s Australian division was revealed to have suffered a $153 million dollar fall in revenue last year.
