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Samsung shares plummet over Galaxy S4 profit fears
http://goo.gl/IEVGu

Samsung's shares have fallen to a four-month low after JPMorgan Chase cut
profit estimates.

The financial services firm cut share-price estimates for Samsung by 9.5
percent to 1.9 million won and lowered its 2013 earnings estimates by 9
percent -- citing slow demand for the flagship Galaxy S4 smartphone,
according to Bloomberg. Poor consumer demand stemming from Europe is likely
to impact demand, and JPMorgan Chase now expects annual S4 shipments to be 20
- 30 percent lower than previously forecast.




Samsung was expected to ship 7-8 million units per month from July. Previous
estimates suggested that Samsung would sell 80 million units this year, but
analysts now expect this figure to be closer to 60 million.


Samsung says it sold 10 million Galaxy S4 units within a month of launch, but
JPMorgan analysts say that the smartphone's "peak-quarter number seems way
below our previous estimates." Within an analyst note dated yesterday, the
financial services firm said that compared to the Galaxy S3, the new flagship
model had a "stronger momentum in the first quarter of launch," but "the
following quarter's shipment is expected to be disappointing."


As a consequence, the South Korean firm's shares fell as much as 6.2 percent
by the end of Seoul trading, a four-month low and the largest singular drop
in nine months.


下略

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◆ From: 140.113.225.21
※ 編輯: eray0206        來自: 140.113.225.21       (06/07 19:02)
※ 編輯: eray0206        來自: 140.113.225.21       (06/07 19:03)
※ 編輯: eray0206        來自: 140.113.225.21       (06/07 19:04)

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