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

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)
Comments (6)
  • Brian Barbour
    , contributor
    Comments (1031) | Send Message
    so now are we going to not hear those that say "apple is doomed" or "lost it's mojo" etc since now the same thing is happening to Samsung?
    7 Jun 2013, 07:06 AM Reply Like
  • rrose39
    , contributor
    Comments (964) | Send Message
    It's amusing that this drop is attributed to weak demand in South Korea.
    7 Jun 2013, 07:56 AM Reply Like
  • mman
    , contributor
    Comments (53) | Send Message
    Who's selling those missing handsets? HTC, Blackberry, Nokia?
    7 Jun 2013, 08:06 AM Reply Like
  • rasanders22
    , contributor
    Comments (598) | Send Message
    There could be a drop in demand for all smart phones. Without more data it would be just a guess who is filling the orders. It could be no one. My personal guess is that no one is filling those orders and the demand for new smart phones is dropping due to slower economies and people switching from typical plans like Verizon and AT&T to pay as you go plans.
    7 Jun 2013, 08:40 AM Reply Like
  • mitrado
    , contributor
    Comments (2030) | Send Message
    Eh eh. Just buy Nokia and forget the mountain tops! :-P
    7 Jun 2013, 10:10 AM Reply Like
  • rocback
    , contributor
    Comments (1162) | Send Message
    In the meantime, Apple just signed a deal with all three major music cos and will be providing free ad supported streaming music service.
    7 Jun 2013, 06:07 PM Reply Like
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