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Samsung shares fall after JPMorgan cuts profit outlook
Shares in Samsung Electronics, the world's biggest smartphone maker, fell the most in nine months after JPMorgan Chase cut its profit estimates. Samsung shares fell as much as 5.5% in early trade in Seoul to a four-month low of 1,438,000 South Korean won.
JPMorgan said weak demand for Samsung's flagship phone, the Galaxy S4, from Europe was likely to impact earnings. It said it now expects S4 shipments this year to be 20 to 30% lower than its previous forecast.
http://www.reuters.com/article/2013/06/07/us-samsung-shares-idUSBRE9560C820130607
Source 2:
Shares in Samsung Electronics, the world's biggest smartphone maker, fell the most in nine months after JPMorgan Chase cut its profit estimates. Samsung shares fell as much as 5.5% in early trade in Seoul to a four-month low of 1,438,000 South Korean won.
JPMorgan said weak demand for Samsung's flagship phone, the Galaxy S4, from Europe was likely to impact earnings. It said it now expects S4 shipments this year to be 20 to 30% lower than its previous forecast.
http://www.reuters.com/article/2013/06/07/us-samsung-shares-idUSBRE9560C820130607
Source 2:
