Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 26 June 2013 13:41

Samsung shares fall

Written by Nick Farrell

Weaker than expected earnings announcement

Shares in Samsung fell three percent as investors braced for weaker-than-expected earnings from the smartphone maker for the April-to-June period.

Samsung shares were set to fall for a sixth consecutive session. They were down 3.1 percent to $1,100 underperforming the wider market's 0.2 percent drop. This was their lowest level since September 11 last year. A number of brokerages cut their target price for the South Korean technology giant, and predicted smartphone shipments and earnings would be less than it had previously expected.

While rival Apple shares have also been tumbling, Samsung had been doing much better. However it is thought that the saturation of the smartphone market, coupled with the still sluggish economic figures, are biting it too.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments