/// Fears of Slowing Galaxy S4 Sales Sink Samsung
The fears of slowing smartphone sales that tanked Apple’s stock last year are now troubling Samsung’s, as well. Samsung’s shares slipped some six percent Friday, dragged down by concerns about slowing sales of its flagship Galaxy S4 smartphone. The decline was the largest the company’s shares have charted in about nine months, and slashed its market capitalization by $12.4 billion to $187.8 billion. The reason for the selloff? Fears that demand for the South Korean giant’s Galaxy S4 — the company’s fastest-shipping smartphone ever — might not be as strong as had been expected. According to a client note from J. P. Morgan Chase, orders for the S4, which went on sale last month, have slowed a bit. “Compared to S3, S4 had stronger momentum in the first quarter of launch,” J. P.
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Fears of Slowing Galaxy S4 Sales Sink Samsung