Samsung facing tough times

|About: Samsung Electronics Co., Ltd. (SSNLF)|By:, SA News Editor

Samsung (SSNLF) is facing a tough time on all fronts, as competition from cheaper models and the launch of the iPhone 6, will likely cause profit to decline again this quarter. Chairman of the group, Lee Kun-hee, also suffered a heart attack in May, leaving the company without a leader and unclear succession.

According to a Thomson Reuters poll, the company is expected to say on Tuesday, that earnings fell 12.6% for the second-quarter. Previously, CFO Lee Sang-hoon announced that the company's Q2 results "doesn’t look too good."

As a result of this year's 5% stock drop, Samsung says it will compensate investors by boosting dividends.