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Consumer electronics giant Samsung has hit a rough patch. Today alone, shares of Samsung Electronics fell 6% percent - a move that effectively swiped away $10 billion from the company's...
05-16-2012, 02:35 PM #1
Trouble at Samsung as Apple Reportedly Considers Pullout
Consumer electronics giant Samsung has hit a rough patch. Today alone, shares of Samsung Electronics fell 6% percent - a move that effectively swiped away $10 billion from the company's mighty market value.
The sell-off was sparked by speculation that Apple is planning to drastically reduce its working relationship with Samsung. The iDevice maker is said to have begun placing chip orders with Samsung rival Elpida instead.
Following compelling reports by the likes of Reuters and the Wall Street Journal, which indicated that Apple has secured the services of several suppliers (none of which is Samsung) to provide new iPhone screens for the next gen-device, many investors went into a panic and dumped the stock.
"It looks like Apple doesn't want to see Samsung and hynix dominate the chip market. Apple wants to maintain its bargaining power by keeping Elpida running," Choi Do-yeon, an analyst at LIG Investment & Securities, tells Reuters.
For now, not surprisingly, neither Samsung nor Apple will formally comment on the matter.
05-16-2012, 03:33 PM #2
I wouldn't be surprised to see apple buy one or two of the other company's to reduce its over heads! And say a big **** you to Samsung
05-16-2012, 03:38 PM #3
I'm not worried about Samsung. If they no longer have to product Apple's components, they are free to product for so many other companies. Apple takes up a large portion of their sales and they have issues producing stuff for their own equipment. Samsung is one of the highest quality producers. Let apple go to some 2nd rate company.
05-16-2012, 03:53 PM #4
05-16-2012, 04:10 PM #5
05-16-2012, 06:33 PM #6
05-16-2012, 09:22 PM #7
05-17-2012, 01:32 AM #8
Many people forget Samsung makes a lot of different things. You have chips, displays even ships...even if they loose apple, Samsung will still be doing fine.
05-17-2012, 09:47 AM #9
They Will be doing fine but they Will Loose alot if Apple make the change..My Twitter....powderfinger76
05-20-2012, 01:22 PM #10
Samsung it's a larger Co then apple , apple must invest a lot of money to creat their own factory and also it's still a myth that they will do cheaper! So take care icostumer!ty