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JUL 05, 2013 - ReadWriteWeb

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Samsung's Stock Shock Shows The Shifting Sands Of Smartphones

A giant consumer-electronics company, dependent on smartphones for its profits, sees its stock hammered even as it reports huge earnings. Last year, that company was Apple. Now, it's Samsung, whose shares fell 3% Friday as investors worried about sales of its flagship Galaxy S4 phone. Of Samsung's $8 billion profit, 70 percent comes from mobile devices, so the concern is understandable. But wait: $8 billion, up 47% year over year? What's not to like? A lot, apparently. Shifting Sands The problem for Apple and Samsung is not just fickle investors: Consumers are equally hard to please. And ... Read More

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