Samsung Electronics loses $12 billion market value on smartphone worries

[riky]

Samsung Electronics loses $12 billion market value on smartphone worries

<p><a href="http://news.yahoo.com/samsung-elec-loses-12-billion-market-value-smartphone-074617174.html"><img src="http://l.yimg.com/bt/api/res/1.2/jauXmOb1fde_dHM77EhWKQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-07T082331Z_2_CBRE9560LMU00_RTROPTP_2_SAMSUNG-S4.JPG" width="130" height="86" alt="A man takes a photograph of a logo of Samsung Electronics Co Ltd's latest flagship smartphone S4 during its launch event in Seoul" align="left" title="A man takes a photograph of a logo of Samsung Electronics Co Ltd's latest flagship smartphone S4 during its launch event in Seoul" border="0" /></a>By Miyoung Kim SEOUL (Reuters) - Samsung Electronics Co lost $12 billion in market value on Friday, hit by brokerage downgrades that have underscored concerns about slowing sales of its flagship Galaxy S4 smartphone. The share slide of more than 6 percent comes after it recently introduced two stripped-down versions of the S4, fanning worries that profit margins for its mobile business will suffer. It also follows a report that arch-rival Apple will begin a trade-in program for iPhones. ...</p><br clear="all"/>

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