Apple Tankwatch Message Board

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Technology Stocks : Apple Tankwatch

AAPL 273.85

+0.5%

Dec 24 12:59 PM EST

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To: sylvester80 who wrote (26230)	6/7/2013 6:25:01 AM
From: puborectalis	Read Replies (1) of 32692

Samsung Electronics Co lost $12 billion in market value on Friday, hit by brokerage downgrades that have underscored concerns about slowing sales of its flagship Galaxy S4 smartphone. The share slide of more than 6 percent comes after it recently introduced two stripped-down versions of the S4, fanning worries that profit margins for its mobile business will suffer. It also follows a report that arch-rival Apple will begin a trade-in program for iPhones. JPMorgan also slashed its earnings estimates and said monthly orders for the S4 have been cut by 20-30 percent to 7-8 million from July due to weak demand in Europe and South Korea. Read more: businessinsider.com

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