By Jonathan Davies

Samsung has reported its fifth consecutive quarter of falling profits, after an 8% drop in the second quarter of the year.

The South Korean electronics giant posted profits of 5.75 trillion won (£3.2bn, $4.9bn) in the three months to the end of June.

It comes as it continues to face tough competition from Apple and cheaper Chinese rivals in the smartphone market.

Profits in its mobile division were particularly hit, falling from 4.42tn won to 2.76tn won.

Samsung said expectations for its flagship Galaxy S6 handset could not be met due to supply issues, which is says have now been rectified.

The mobile division's vice president Park Jin-Young said it is hoping for increased smartphone sales in the next quarter, as it releases new large-screen models and new budget models.