Samsung marketing cap slips 6% on weak smartphone sales rumor

Samsung Electornics's market value has taken a $12 billion hit as the company's share price has dropped 6%. The reason is the rumored 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...

by via GSMArena.com - Latest articles