Samsung marketing cap slips 6% on weak smartphone sales 07 JUNE, 2013|
Samsung Electornics's market value has taken a $12 billion hit as the company's share price has dropped 6%.
The reason is the slowdown of Galaxy S4
sales, which while starting quite strong
are losing momentum according to some analysts. Furthermore, investors are fearing that the company's newly introduced Galaxy S4 mini will eat into the profit margins as some people might choose it over the full-sized Galaxy S4.
Samsung's market evaluation suffers even more due to rumors floating the web that Apple is planning to start a trade-in program for its iPhone. We'll see what Apple has to announce in just a couple of days' time at its WWDC conference. Whatever investors' feeling are, the fact is that Samsung is the alpha dog of the smartphone world in Q1 2013
Last edited by MrRothschild on 9-6-2013 02:06 AM