Samsung's (SSNLF.PK) shares plummeted 6.2% in Seoul and wiped $12B off the company's market...

|About: Samsung Electronics Co., ... (SSNLF)|By:, SA News Editor

Samsung's (SSNLF.PK) shares plummeted 6.2% in Seoul and wiped $12B off the company's market value, although it's still worth $188B. The plunge followed bearish analyst reports, with JP Morgan writing that Q3 Galaxy S4 shipments will probably disappoint and lead to lower-than-expected margins. JPM's supply chain checks show that Samsung has cut monthly orders by 20-30% to 7-8M units from 10M starting from July, due to weak demand in Europe and South Korea. (previously)