Samsung forecasts slowing profit growth for Q2, missing analyst estimates

Samsunghas 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.
The electronics maker is reporting estimated profit of 14.8 trillion Korean won (USD$13.2BN) on revenue of 58 trillion Korean won (USD$51.9BN) for the quarter.
Samsung’s expectation just misses an average estimate of 14.9 trillion won from 18 analysts poll