“Shares of Samsung Electronics Co tumbled by more than 4 percent to a seven-week low early on Friday, hit by brokerages’ downgrades that have highlighted concerns of slowing growth for its mobile business,” Miyoung Kim, Hyunjoo Jin and Joyce Le report for Reuters. “The South Korean firm introduced two stripped-down versions of its flagship Galaxy S4 in recent weeks as it looks to widen its lead with products spanning both the high and cheap-and-cheerful ends of the market.”
“Its growing shift to cheap models, however, sparked concerns of margin decline and slowing growth momentum for its high-end model the S4,” Kim, Jin and Le report. “‘Sales of high-end handsets are lagging behind expectations, while low- to mid-end handsets are selling briskly worldwide,’ said Kim Young-chan, an analyst at Shinhan Investment Corp. ‘As the portion of low- to mid-range handsets is expected to increase in Samsung’s overall mobile phone business, this has also sparked concerns about thinning margins and lower growth.'”
Read more in the full article here.
MacDailyNews Take: Hey, maybe the slavish copiers can make it up in volume? (smirk)
[Thanks to MacDailyNews Readers “David E.” and “Jax44” for the heads up.]