Samsung hurt after JP Morgan estimates cut
June 7, 2013 9:14 am
Samsung Electronics, the biggest rival of Apple in tech industry, suffered $12 billion in market value today hit by analysts downgrade on its profit estimates. JP Morgan Chase specialists cut forecasts as expecting tech giant to slow sales on its flagship product – Samsung Galaxy S4. The companys shares plunged 6.2% to 1 427 000 […] Read more