Reserve the next Galaxy, Get a $50 Samsung Credit. New deals, S25 Ultra, Watch Ultra.
Last updated: September 2nd, 2015 at 11:44 UTC+02:00
SamMobile has affiliate and sponsored partnerships, we may earn a commission.
Reading time: 2 minutes
Samsung has paid a heavy price for this missed opportunity, since April this year the company's stock price has steadily been declining, shaving billions off the company's market value. It now sits on top of a $44 billion market devaluation, losing $12 billion in just last month when its stock tumbled 8.1%. The company is undoubtedly feeling the pinch from the onslaught of Chinese OEMs that are putting pressure on its low-end and mid-range smartphone business while it struggles to compete against the iPhone at the high-end segment of the market. Samsung might have to live with this slump for some time now since those OEMs are not going to be slowing down and with new iPhones just around the corner it faces an even tougher battle in key markets across the globe, the company's next batch of high-end devices isn't due before the first quarter of 2016 so it's not like it can rely upon a knight in shining armor.
Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.
Trending
We'd like to show you notifications for the latest important news and updates