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10. News
It's being reported in Korea today that the share price of Samsung Electronics plunged to the lowest level in two years and two months, amid growing concerns about its third-quarter performance results. Yesterday Samsung Electronics closed down by 2.27 percent in a single day. The report generically points to Samsung's third quarter likely to suffer from "sluggish smartphone business." Gee, I wonder if Apple's record iPhone sales over the weekend had anything to do with Samsung's declining stock price.

 

Samsung was to launch their new Samsung Galaxy Note 4 this coming Friday but the sharp fall in their stock has triggered Samsung into releasing their new phone early – as in today (in Korea). A second Korean report out this morning notes that the "Apple iPhone 6 budget phones are expected to sap Samsung's earnings."

 

We posted a report on Friday titled "Samsung weeps as iPhone 6 Mania Rocks around the Globe," and their worst nightmare is now playing out. Will the early release of their new phone ease the tension in their stock price immediately? Not likely. So expect Samsung to go on the attack with berserk marketing tactics and releasing outlandish "shipment numbers" so as to lead market followers into false assertions.

 

Samsung did that earlier this year with the Samsung Galaxy S5 and it turned out to be nothing more than market propaganda which led to their profit plummeting 24%. Will the pro-Samsung media get sucked into this same game again? Time will tell.

 

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