On the back of record sales of the iPhone 6 Samsung shares fell to a level of two years ago




After Apple announced record-high sales of iPhone 6 and iPhone 6 Plus, Samsung shares in Seoul fell 2.3% to 1.61 million won (about $ 1,117). Such a low value of the Korean corporation has not been since July 2012. As a result, the market price of Samsung suddenly fallen by $ 30 billion.


Recently, Samsung is facing stiff competition in the two largest markets – India and China. For the II quarter of 2014 the market share of Samsung in India a decent chunk bitten off company Micromax. In China, the South Korean company has to suffer defeat from the largest local brand Xiaomi. To make matters worse, Apple announced record sales of the new iPhone in the history of their phones – the company sold 10 million copies in its first weekend.

Samsung smartphones lose their appeal against the backdrop of rapidly developing high-tech and Chinese brands and unexpected popularity of the iPhone 6, the head of Samsung Securities. The company is trying to save the situation, placing on the market of metal flagship smartphone Samsung Galaxy Alpha , Galaxy Note 4 and Galaxy Note Edge . But whether new models to increase market share, show only the reaction of customers and time.


Meanwhile, experts have revised downwards the forecast for operating profit Samsung for the III quarter of 2014 – from 5.7 to 4.7 trillion won (about $ 4.5 billion). According to estimates of market specialists, operating profit in July-September to reach 6.5 trillion won ($ 6.2 billion), which is 12% lower than the average forecast, made four weeks ago.

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