Samsung has warned its operating profit will slide by 4% for the three months from April to June, putting the phone-maker on course for a seventh straight quarterly decline.
Revenue is also set to fall short of expectations, with the phone-maker forecasting a downturn of 8.3%. That marks the fifth straight period of decline when it comes to overall sales.
The news comes as a surprise, with the launch of its Galaxy S6 and Galaxy S6 Edge thought to have boosted the company's fortunes.
Sources claim that the reason for the drop lies in a failure to make enough units of its curved screen Galaxy S6 Edge. Samsung is said to have believed that the flat–screen S6 would outsell the S6 Edge by four to one.
In fact, demand for the unique S6 Edge was far greater, leaving Samsung scrabbling to supply would-be owners in a timely fashion.
uSwitch research showed that even from the get-go it was the Edge variant rather than the standard edition that was flying off shelves.
Word is that Samsung has fixed issues in its supply chain, so there's now enough stock of the Edge to go round.
However, with new iPhones now just three months away, it may have missed its chance to break Apple’s resolve and return to the dominant position it enjoyed just two years ago.