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Samsung’s crisis caused by the new top of the range Note 7 continues.
The south Korean elektronikkgiganten Samsung expects that profits in the third quarter, 33.3 percent lower than the previous estimate, according to an announcement just released.
Anything that does not contribute to improve the situation is the long-standing legal battle between Apple and Samsung that has now reached the u.s. supreme court. The supreme court shall consider the two parties ‘ argument about whether the economic damage Apple has suffered, after Samsung allegedly broke the patents through to produce smartphones that look like the Apple’s way back in 2011. The trial started Tuesday, and is expected to continue for several months. Read more: the Battle between Samsung and Apple to supreme court
on Wednesday raged, the company’s share even further in value on the stock exchange of South Korea’s capital Seoul. At lunch, local time in Seoul (05: 00 to Norwegian time) was stock down 2,27 percent to 1.510.000 Korean won (KRW) per share (10.943 million) (see figure below). It picked up however much, and by closing time on Wednesday was on course in 1.532.000 KRW, a decrease of 0,84 percent.
on Tuesday, sank the stock eight per cent, the largest fall in a day since 2008, which amounted to a loss of 17 billion dollars (138 billion) in the company’s market value.
despite the landslide, is the Samsung stock is still priced higher than it was for the both three months ago and one year ago. When was the stock worth respectively 1.464.00 KRW (10.609 million) and 1.260.000 KRW (9.131 million) (see figure).
Samsung price three months ago.
Google Finance / Yahoo Finance
having first recalled the already sold phones, stopped the company production however, before the Tuesday announced the full stop in the production and sale of the new top of the range Galaxy Note 7.
Read more: Galaxy Note 7 added dead: Samsung in crisis
Read more: Samsung warns full stop in the production of smartphone
one person’s gain is the other’s death. Samsung Note 7-crisis gives Apple a boost. Read: Apple makes roughly on Samsung’s trouble.
the Samsung price one year ago.
Google Finance / Yahoo Finance
the Status of asian stock exchanges on Wednesday 14: 00 (Bangkok time):
Seoul’s KOSPI: +0.09 per cent (the listing was)
in Tokyo, the Nikkei 225: -1,09% (listing was)
hong Kong, Hang Seng: -1,18 per cent (one hour before the end)
Shanghai, Composite: -0,22 per cent (closing price)
Singapore, the Straits Times: -1,11 percent (two hours left of trade)
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