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  • Samsung's (SSNLF.PK) shares slide 3.95% in Seoul after its Q2 operating profit projection of 9.5T won ($8.3B) misses consensus of 10.16T won. The company expects sales of 56-58T won, up from 47.60T won a year earlier but below analyst forecasts of 58.6T. In addition to the earnings miss, analysts are concerned about slowing handset sales and falling margins due to intense competition at the lower-end of the market. Still, Samsung has lots of businesses, and prices of memory chips are expected to remain strong. [View news story]
    Do not think so. The whole smart phone market is reshuffling at this moment. Let's focus on the coming AAPL ER.

    I would expect the stock down another 10% from here.

    Jul 5, 2013. 05:19 PM | Likes Like |Link to Comment
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