Revaluation sales cheapen Samsung Galaxy S4




Revaluation sales cheapen Samsung Galaxy S4


Concerns about slowing sales of smartphones in the last year provoked a drop in shares of Apple. This year, a similar fate overtook Samsung. On Friday, the South Korean company’s shares have collapsed by more than 6 percent because of the negative sales forecast for its flagship smartphone Galaxy S4 .

This is the largest drop in shares of Samsung in the past nine months. The market capitalization of the company declined to $ 12.4 billion, reaching 187.8 billion, according to the resource AllthingsD.

Fears that the sale of Galaxy S4, who had unprecedented success at the start, can not meet the expectations of Samsung, have led to cheaper South Korean company. According to analysts, fund JP Morgan Chase, orders for the smartphone Galaxy S4, which debuted last month, went into decline.

«S4, compared to S3, made good head start. However, the subsequent delivery of the smartphone does not meet expectations, it looks like they were below our previous estimates, “- explains the analyst of JP Morgan Chase Jay Jay Park.

Mr. Park said that for this reason, monthly orders for the Samsung Galaxy S4 will be reduced from 10 to 8.7 million units. As a result, in 2013, the company has shipped 60 million Galaxy S4, rather than 80 million, as previously predicted.

By the way, the park is not the only one analyst, who scored the alarm about the sales of its flagship smartphone Samsung. Chris Caso of Susquehanna expressed the same concerns. Wedge Partners analyst Zhang Jun confident that sales of Galaxy S4 will not reach the goal of 20 percent.

And no wonder, because Samsung asks too high, say, a space prices .
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