Samsung's profits drop in Q2

Samsung saw its net profit decline 11 percent in the second quarter as it saw slower demand for mobile phones. The world's third-largest mobile-phone supplier said handset sales fell 4 percent from the same quarter last year to 4.04 trillion won and fell 8 percent from the previous quarter. Samsung said it was hopeful about the third quarter now that new ultra-thin handsets have been introduced and are selling well. Korea's handset manufacturers have been struggling with competition abroad.

For more about Samsung's second-quarter results:
- see this article from AP