Sindonews.com -Samsung Electronics Shares fell 1.7 percent in early trading in Seoul today, a few hours after the company's latest flagship smartphone launches in New York City.
Samsung's stock traded at about 1.494.000 won in mid-morning because of profit-taking led by foreign investors. Analysts said the release of Galaxy S4 is already taken into account, and investors are worried stock prices have hit the ceiling.
"This is not because the Galaxy S4 fail to meet expectations. It's just that investors felt technically upgrade your smartphone horizontally, "said Bae Seung-Young of Hyundai Securities, as reported by the Global Post, Friday (15/3/2013).
Galaxy S4, which will be introduced in 155 countries at the end of April, has a high-definition screen, five inches (12.7 centimetres), shooting ability and the capacity to translate to and from nine languages.
Samsung's stock price has been stable this year, while rival Apple has fallen 20 percent since disappointing iPhone sales raises concerns that the dominance of the company may be slipping.
South Korea's giant catches 29 percent smartphone market in 2012, Apple Paris 21.8 percent, 17.9 percent of Nokia and 23 percent of the overall mobile market.
Finance; Investment; Business; Economics
Finance; Investment; Business; Economics
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