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NewsPoster Jul 8, 2013 08:41 AM
Samsung, HTC shares pummeled on poor flagship smartphone sales
Samsung and HTC have both seen their share prices pummeled overnight by investors concerned about slowing demand for flagship smartphones. Samsung shares <a href="" rel='nofollow'>fell over 4 percent</a> after it released its second-quarter earnings estimates. Despite anticipating a record profit of $8.3 billion on the back of $49 billion in revenue, this fell well short of analysts' expectations. Reports have emerged of <a href=" eakening.demand/" rel='nofollow'>weakening demand</a> for its Galaxy S4 flagship in recent months, which is now thought to be reflected in its weaker than forecast financial results.<br />
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Similarly, HTC shares are also down, plunging to <a href="" rel='nofollow'>a seven year low</a> and knocking $395 million off the Taiwanese handset maker's market cap. HTC's losses came despite the company <a href=" terly.profit.drop/" rel='nofollow'>meeting its own guidance</a> for the quarter with investors hoping to see a stronger performance on the basis of a strong critical reception for the HTC One. HTC posted a profit for the past quarter of just $41.6 million on revenue of $2.4 billion. Analysts were predicting a profit of $65 million, based on an optimistic outlook for the HTC One.<br />
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Apple has also not been immune to <a href="" rel='nofollow'>negative investor sentiment</a>. Despite posting a <a href="" rel='nofollow'>record quarter</a> early this year, its stock has fallen from a record high of <a href=" ied/" rel='nofollow'>over $700 per share</a>, down its current level of $417.42 at the time of writing. Apple <a href="" rel='nofollow'>will post its results</a> for its third fiscal quarter on Tuesday July 23. As with Samsung and HTC, the key metric analysts will focus on is its flagship smartphone sales. [<a href="" rel='nofollow' rel='nofollow'>via</a> <em>Phone Arena</em>]<br />
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iphonerulez Jul 8, 2013 09:34 AM
I don't get it. Amazon has had quarters where they didn't meet guidance. The share price would drop for a short while and then suddenly rise to new heights. How does Amazon manage to create that magic that other companies can't.
airmanchairman Jul 8, 2013 04:34 PM
Not magic, sir...

Just the smoke and mirrors of mere presumption, plucked from those regions of the speculators' anatomy where "the don't shine"...
airmanchairman Jul 8, 2013 05:44 PM
Oops: "the Sun don't shine"...
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