On Friday, South Korean electronics giant Samsung Electronics projected weaker-than-estimated profits for the April-June quarter; thereby triggering an almost 4 percent plunge in the company's shares in the Seoul stock market.

Despite the fact that Samsung said that its second-quarter profit will be a record quarterly profit, touching approximately 9.5tn won (£5.5bn), the projection still led to a fall in the company's shares because most analysts had expected the company to generate a nearly 10.1tn won profit during the quarter.

With Samsung's shares falling nearly 4 percent after the company released its profit guidance for the 2013 second quarter on Friday, there has been an over 15 percent drop in the company's shares since early June; thanks largely to the downgrade which several brokerages have made in their outlook for the company.

About Samsung's projections of lower-than-expected profits for the second quarter, analyst Lee Sei-chul - from Seoul-based Meritz Securities - said that the somewhat disappointing quarterly-profit forecast by the company "simply reinforces the market view that Samsung's smartphone growth momentum is slowing." The analyst further added that "the slowdown in its handset business appears to be worse than expected."

With Samsung - which accounts for a whopping 95percent of the profits in the Android smartphone sector - already witnessing a slowing growth rate of smartphones, it is speculated that the company's profits from the smartphone sector will apparently be badly hit in the coming months.