By Daniel Hunter

Samsung has forecast a 37% fall in its profits for the final quarter of 2014.

The Korean electronics giant forecast an operating profit of 5.2tn Korean won ($4.74bn; £3.14bn) for the three months to December.

The forecast is more than predicted by analysts, who are expecting profits of 5tn won.

Shares in Samsung, which is the world's biggest TV and mobile phone manufacturer, were up early trading in South Korea. The firm is expected to announce its fourth-quarter results in December.

The figures will round-off a relatively difficult year in 2014. As it battled Apple to be regarded as the best high-end smartphone maker, cheaper handsets have been stealing some of the market in China, which is one of the largest smartphone markets in the world.

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