Declining sales of the top model Samsung Galaxy S4 is supposedly the reason for a loss of value of 25 billion for Korean Samsung.
Samsung lost 25 billion in value in June, after a disappointing sales of the newest top model Samsung Galaxy S4.
It is the investors’ expectations have not been fulfilled, which is the reason for the huge loss of value. A loss of value, which is so large that it corresponds to the value of the entire Sony Corp.
Samsung, which sells almost every third mobile phone on the market, went down with 10.8 percent, since JPMorgen Chase & Co. and Morgan Stanley lowered expectations for Samsung’s sale, writes our site.
Producers suffer as consumers hold back with investments in new smartphones, as they do not consider to be innovative.
Roughly the same thing happened to Apple, which fell by 9.4 percent following the presentation of the iPhone 5.
“Consumers see no shallow to buy S4, since there is no big difference in comparison to the previous model,” says Oh Sang Woo, an analyst at Leading investment & Securities in Seoul and continues: “Chinese companies will be a major threat to Samsung, an any other player on the market”.
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