Samsung is Sinking?
Samsung do not smell of roses any more as they have been struck with some bad luck as JPMorgan has cut their profit outlook.
Samsung shares took a 5.5% drop due to different factors including the South Korean Won and little interest from Europe will have an impact. Samsung released the S4 last month however shipments this year are to be 20 to 30% lower than its previous forecast. Some are blaming Samsung’s attempt to rivial China over cheap smartphones.
To read check out this BBC article.