Samsung has lost $12 billion of market value in August alone, on top of $44 billion losses since April
Galaxy S6 and S6 edge got launched), causing a market devaluation of $44 billion. This August alone, they've fallen 8.1%, which led to a pretty serious market devaluation for the South Korea-based giant. It's said that Samsung has lost some $12 billion of market capitalization last month due to its plummeting stock prices. Ouch.Unfortunately, this might not be a sign of a very bright future for the company. Samsung Electronics' stock prices have been on the decline since April (when the
If you're wondering what's been the bane of Samsung's stocks during the past year or so, look no further than the numerous Chinese manufacturers that are trying to take all fronts of the smartphone market by storm, as well as Apple, which is effectively domineering the topmost tier of the market with its iPhones.
As the likes of Xiaomi, Meizu, Huawei, ZTE, Vivo, and Lenovo are highly unlikely to become less aggressive and competitive, while it's just a week before Apple shows us what it's been working on during the past year the iPhone 6s and 6s Plus — it's somewhat hard to imagine that Samsung's financial status quo will suddenly begin to improve. Given that Samsung probably won't unveil a new high-end batch of phones until early next year (probably the Galaxy S7), it's safe to expect that the unfortunate stock prices slump will continue to be on the menu and cause some woes for Samsung.