Second quarter earnings for tech giant Samsung are likely to be below expectations, the company announced this morning.

Operating profit is likely to fall 4% to £3.9 billion in the period from April to June, with sales also falling 8%.

The company cites supply issues with its Samsung Galaxy S6 as a reason for its low forecasts for the second quarter, but says these have now been resolved.

The company is having difficulty selling its Samsung smartphones in a market that is very much dominated by Apple.

Samsung shares closed up 0.8% after reversing early losses. The company’s final detailed results will be released at the end of this month.