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Samsung loses $12 billion in market value as analysts slash Galaxy S4 sales forecasts
National Post ^ | JUNE 7, 2013

Posted on 06/09/2013 4:54:37 PM PDT by rickmichaels

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 shares fell 6.2%, the most in more than nine months in Seoul after analysts at JPMorgan Chase & Co. cut profit estimates.

Orders for the S4 smartphone, which went on sale last month, are slowing on weak demand in Europe that may impact profit margins, analysts led by JJ Park said in a report dated yesterday, citing supply chain checks. JPMorgan cut its share- price estimate for Samsung by 9.5% to 1.9 million won and lowered its 2013 earnings estimates by 9%.

(Excerpt) Read more at business.financialpost.com ...


TOPICS: Business/Economy
KEYWORDS: electronics; samsung; smartphones; telecom
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1 posted on 06/09/2013 4:54:37 PM PDT by rickmichaels
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To: rickmichaels

Question, how much Apple stock are JPMorgan Chase & Co. invested in?


2 posted on 06/09/2013 4:56:12 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: rickmichaels

just got mine last week. Love the bigger screen, and calling over wi-fi when a signal is weak (perfect in my house)...


3 posted on 06/09/2013 5:01:07 PM PDT by porter_knorr
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To: rickmichaels

Hmmmm...

http://www.freerepublic.com/focus/f-news/2877802/posts


4 posted on 06/09/2013 5:08:38 PM PDT by DoughtyOne (Obama lied, four men died, and he went to hide...)
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To: porter_knorr

Used to love Samsung until I bought 2 of their TVs that went out just right after the warranty ran out. Each over $1500. They just suddenlywouldnt come on anymore. They wanted $800 to fix one of the TVs and would make no concessions even though they were both arely beyond the warranty period. I looked it up and there were thousands of complaints against them about their TV, hundreds pertaining to the very problem I was having. I no longer buy Samsung products even though they are stylish and nice to look at.


5 posted on 06/09/2013 5:09:35 PM PDT by jsanders2001
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To: DoughtyOne; All

Oops... sorry that was April 27th, 2012, not 13.


6 posted on 06/09/2013 5:09:37 PM PDT by DoughtyOne (Obama lied, four men died, and he went to hide...)
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To: jsanders2001

You may want to look at LG. I just purchased a 3D 55” wifi ready model and it’s simply amazing. My version had 4 HIDMI inputs and 3 USB inputs. It’s the passive version which means the glasses are cheap, and it’s rated to cost $12.00 per year to used @ 5 hrs per day.

The picture is the best I’ve ever seen.

After replacing my old flat screen, my bi-monthly bill went down from $50 to $75 dollars.


7 posted on 06/09/2013 5:24:10 PM PDT by DoughtyOne (Obama lied, four men died, and he went to hide...)
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To: jsanders2001

BTW: That bill was once every two months, not bi-monthly.


8 posted on 06/09/2013 5:24:38 PM PDT by DoughtyOne (Obama lied, four men died, and he went to hide...)
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To: rickmichaels

The S4 was launched too close to the S3, and wasn’t much better other than being faster and a bigger screen.

Samsung should have spaced the launch out further from the S3, and offered less gimmicky items as a draw.


9 posted on 06/09/2013 5:29:57 PM PDT by Shadow44
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To: porter_knorr

The wi fi calling ..your on t mobile correct?


10 posted on 06/09/2013 5:32:50 PM PDT by tophat9000 (American is Barack Oaken)
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To: rickmichaels
Amazing technology being created these days.

People love to complain about their electronic devices but what we are able to do today was science fiction not all that long ago.

11 posted on 06/09/2013 5:34:22 PM PDT by SamAdams76
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To: jsanders2001

Samsung normally has excellent monitors/displays. I have a quite a few different types, and no problems... yet.


12 posted on 06/09/2013 5:35:11 PM PDT by Gene Eric (Don't be a statist!)
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To: rickmichaels

Amazing technology to watch our every move. Did I tell you about my new car’s up-to-the-minute spying capability?


13 posted on 06/09/2013 5:37:56 PM PDT by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: DoughtyOne
After replacing my old flat screen, my bi-monthly bill went down from $50 to $75 dollars.

LOL!!

;)

14 posted on 06/09/2013 5:47:44 PM PDT by Las Vegas Ron (Medecine is the keystone in the arch of socialism - Vladimir Lenin)
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To: jsanders2001
They just suddenly wouldn't come on anymore.

There were *tons* of Samsung TVs with this problem - plagued with a design defect and inferior parts in their power supply units. There are numerous DIY videos on youtube and how-to-fix-your-Samsung TV web sites showing you how to fix them simply by taking them apart and replacing a few defective caps.

I ended up fixing a 40" Samsung I had with this problem by replacing three 1000uF radial capacitors that had electrolytic leaking from them - rated at only 10V in a circuit that called for 12V-15V. Three new 25V rated parts from Radio Shack at $1.50 apiece, and it's been working good as new over the past couple years.

Granted, the fact that Samsung shipped SO MANY defective TVs with this problem is pathetic. But, at least it was easy to fix yourself if you had the inclination.

15 posted on 06/09/2013 6:05:46 PM PDT by MCH
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To: DoughtyOne

I still have two tube televisions. I can not bring myself to replace until they die. Newest one is about ten years old.


16 posted on 06/09/2013 6:07:43 PM PDT by aliquando (A Scout is T, L, H, F, C, K, O, C, T, B, C, and R.)
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To: rickmichaels

I could be wrong but I thought Samsung also builds the iPhone for Apple.


17 posted on 06/09/2013 6:18:44 PM PDT by VideoDoctor
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To: VideoDoctor

You could, doctor, if that’s your real name. They’re in bloody competition.


18 posted on 06/09/2013 6:20:27 PM PDT by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: Mastador1
Better question...Who was recently short Samsung?

its easy to make money when u know next weeks headlines..

19 posted on 06/09/2013 6:23:18 PM PDT by M-cubed
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To: rickmichaels

I have the S2 and see no need to upgrade.


20 posted on 06/09/2013 6:31:00 PM PDT by RginTN
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