Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 26 June 2013 13:41

Samsung shares fall

Written by Nick Farrell

Weaker than expected earnings announcement

Shares in Samsung fell three percent as investors braced for weaker-than-expected earnings from the smartphone maker for the April-to-June period.

Samsung shares were set to fall for a sixth consecutive session. They were down 3.1 percent to $1,100 underperforming the wider market's 0.2 percent drop. This was their lowest level since September 11 last year. A number of brokerages cut their target price for the South Korean technology giant, and predicted smartphone shipments and earnings would be less than it had previously expected.

While rival Apple shares have also been tumbling, Samsung had been doing much better. However it is thought that the saturation of the smartphone market, coupled with the still sluggish economic figures, are biting it too.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments