Samsung shares take a dive again on slowing growth, $6.5 billion in value erased
0. phoneArena 05 Jul 2013, 02:21 posted on
Shares of Samsung electronics started tumbling yet again the second it announced a second quarter guidance that fell short of analysts forecasts. Investors punished the Korean giant by erasing another $6.5 billion of its market value, sending the stock down 3.9% during trading...
This is a discussion for a news. To read the whole news, click here
1. Sniggly (Posts: 6490; Member since: 05 Dec 2009)
This and the Apple stock implosion both illustrate why the stock market is silly. There's only so much room in the market, especially when you're already on top. If you're not making supreme record breaking profits every quarter, investors bail on you. I mean, hell, most everyone in the world has a cell phone now, and a good percentage of those people have smartphones already as well.
This has the effect also of making companies feel they are beholden to stockholders more than anyone else, including their own employees and customers. This is how bulls**t like the Enron implosion happens, or how companies like the carriers keep thinking of new ways to jack prices and limit what they give out for those prices.
3. Topcat488 (Posts: 1039; Member since: 29 Sep 2012)
It's just like what the "Stock Market" was meant too be... A horizontal pyramid, with the top being paid by speculations and manipulation of prices, quantity, or whatever.
10. Googler (Posts: 813; Member since: 10 Jun 2013)
Especially after a few days ago it was reported the S4 hit 20 million units sold. Stock market is based more on opinions than actual production these days.
14. Chaseism (Posts: 54; Member since: 08 May 2013)
Wait...where are all the posts saying this is the end of Samsung! When this happened to Apple, that's all I read, but I haven't seen a single post on this one.
Sniggly, you're absolutely right. The value of these companies are starting to rely less on the amount of money they bring in and more on what analysts think of the company. Apple had record profits, but because it wasn't double what they did the year before, analysts freaked out and the stock dropped. Samsung did pretty damn good, but because it wasn't AS good as analysts wanted, their stock is down. Investment companies make money when this happens. We all remember the one investor saying he looks forward to market crashes because they are a boom time to make money.
And I also agree, companies are now having to do every little thing that stockholders want instead of innovating. Google...to a very small extend...doesn't have to deal with this. They can still stand to fail on some projects because of the type of company they present themselves to be. Samsung and Apple, on the other hand, cannot fail without hurting their stock price. It's a sick game...
2. haseebzahid (Posts: 1775; Member since: 22 Feb 2012)
its called market saturation nothing else
4. _Bone_ (Posts: 2061; Member since: 29 Oct 2012)
Like Apple Samsung is pimping the stock market, a little further drop and it'll be the time for the company to buy back own shares and thrive when stock is back on the rise with the Note III, flexible displays, groundbreaking Samsung-Intel collaboration, Galaxy watch etc. $380 was the time when smart ppl. bought Apple stock, now's the opportunity to buy some of Sammy's.
6. ddeath (Posts: 152; Member since: 14 Apr 2012)
Earnings estimate $8.33 billion profits, stock market gasped at 'slow' growth and stock tumbled. Welcome to the market.
8. shreehari (Posts: 45; Member since: 10 Mar 2013)
wish the company was closed and iphone was available for cheap
17. WHoyton1 (Posts: 1618; Member since: 21 Feb 2013)
Yeh its great new that a company is failing and may lay off hardworking staff.....dude stfu and stop being such a fanboy!
11. LordLust187 (Posts: 18; Member since: 05 Jul 2013)
Apple iPhone is for people who are 70+ years old and Samsung+HTC=Super Badass can Never be Beaten Smartphone that could blow the mind so hard peopled fart jizzz....
20. darkkjedii (Posts: 9286; Member since: 05 Feb 2011)
That was about the dumbest comment I've ever read.
25. androidfanboy (Posts: 162; Member since: 24 Jun 2013)
That was the dumbest comment I've ever read
13. joey18 (Posts: 493; Member since: 20 Jul 2010)
samsung make money only the battle with apple so samsung needs to make good phone not 20 at year and cheap quality
15. verbalize (Posts: 67; Member since: 03 May 2013)
Samsung welcome the real world. You throw out so many phones with almost the same specs. What's your thinking? All it does is cheapen the whole line of phones. Galaxy S4 Is below par Phone anyway. I know Samsung's targeting little kids and selling them gimmicky specs that they will never use. Just give me a phone that doesn't lag and glitchy.I returned my galaxy S4 after a week. What junk.
18. WHoyton1 (Posts: 1618; Member since: 21 Feb 2013)
Samsung s4 is a below par phone.....I'm sorry but that's simply rubbish....
21. donfem (Posts: 480; Member since: 30 Mar 2011)
How about buying an overrated phone which has nothing comparable to Android flagships, yet clones like you drool over it.
22. verbalize (Posts: 67; Member since: 03 May 2013)
Well that's funny. I bought one and it turned out to be garbage. Thank god i was smart enough to get rid of it. So keep Convincing yourself That's it's a great android phone because your stuck with it. LOL.
19. Kevinphantom (Posts: 82; Member since: 17 Jun 2013)
Samsung never fails because selling smartphone is a very little tiny work for samsung is also build futuristic weapons ships cars trucks ...... and you know what that means ...
23. zekes (Posts: 201; Member since: 14 Aug 2012)
its not samsungs year o well htc sony nokia i see u
24. androidfanboy (Posts: 162; Member since: 24 Jun 2013)
Android 4.2 for galaxy s3 delayed again?