Samsung Electronics Co. Ltd.’s net profit declined for the fifth quarter in a row as its latest Galaxy S6 and Galaxy S6 edge smartphones failed to generate expected sales. The South Korean technology giant offered a cautious outlook for the third quarter on Thursday, and promised “flexibly” adjusted pricing of its new flagship smartphones, after being hit by a significant decline in the mobile division’s income in the second quarter of 2015.
The company recorded a net income of 5.8 trillion won ($5 billion) in the April-June quarter, down 8 percent from 6.3 trillion won a year earlier.
