Galaxy S4 losing power?Shares follow suit


Analysts,who have been in the news a lot recently,say that Samsung’s flagship phone-the S4-has already had its time in the sun.

On Friday,Samsung’s shares dropped 6%,the largest drop since August!Blame analysts worrying about losing demand.JP Morgan was among analysts that had concerns over Samsung,and they cut Samsung’s share price by an estimated 9.5%

In a note,JJ Park at JP Morgan said that supply chain checks are showing “disappointing” numbers in the second-quarter shipments-adding that the company was  “way below our previous estimates.”JP expected Samsung to sell 80 million GS4’s.The figures is expected to be 60M.

The view was the same from other analysts.

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