Samsung Galaxy Technology News

Samsung Electronics drops $12bn in market value as Galaxy S4 sales slow

By Angela Haggerty | Reporter

June 7, 2013 | 2 min read

Sponsored by:

What's this?

Samsung Electronics dropped $12bn in market value on Friday, thought to be related to slowing sales of the Galaxy S4 smartphone.

Smartphone: The Galaxy S4 launched in April

Smartphone: The Galaxy S4 launched in April

The news follows the recent introduction of two stripped-down versions of the smartphone, which sparked fears that profit margins could be hit.

The Galaxy S4 launched in April and became the brand's fastest-selling smartphone. However, the US rollout of the device was hit by delays after 'overwhelming' global demand, prompting concerns sales could be affected.

Shinhan Investment Corp analyst Kim Young-chan told Reuters that sales of high-end handsets were lagging behind expectations, while low to mid-end handsets were selling well.

"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," he told the news agency.

Samsung Galaxy Technology News

Content created with:


Samsung is a South Korean multinational conglomerate headquartered in Samsung Town, Seoul. It comprises numerous affiliated businesses, most of them united under the Samsung brand, and is the largest South Korean chaebol.  

Find out more

More from Samsung Galaxy

View all


Industry insights

View all
Add your own content +