(Reuters) - 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.
I guess, they're practically broke.
the Android competition is coming from all corners: - very cheap chines phones - attractive mid-range phones from LG and Sony - strong design and standout features on the high end with the HTC1x(design+build+speakers) and XperiaZ(design+build+waterproo f+first to the market)
This proves that no one company is intouchable.
that is what happens when you become an arrogant greedy bastard and stop caring about customers.
It seems that all companies come to that stage eventually. Microsoft, Apple, now Samsung...
I really don't see the big whoop with the S4 or any of the galaxy phones. What I really don't like is the build quality of them. Compared to my Sony Xperia Z it feels like a childs toy when holding it. Sure it has the best specs compared to any other phone but it feels so cheap.
Agreed. The Xperia Z and the HTC One X are much better quality-wise than the S4.
huh, s4 sold over 10mill in amonth, better then s3, the numbers are excellent
the key word here is "market value"... and not real "money"
Except, the "market value" is eventually followed by "real money".
It's more important than real money, to be fair.
The problem with Samsung is, they are itching to replace their existing flagship device like S3 with S4 in a short amount of time. I believe S3 was just released September last year, and it's too premature to release a new one. KNowing that the existing S3 is powerful enough to compete with it's competitors. They should have let the S3 gain more momentum for 1 year straight before releasing a new one.
They should make their new phone water proof (ingenious idea) Summer's just around the corner.
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