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Samsung market value down US$44b over five months
Add BT as a preferred sourcePublished Mon, Aug 31, 2015 · 09:50 PM
Seoul
TEPID demand for Samsung Electronics Co's newest Galaxy smartphones triggered a fifth straight monthly decline for the electronics maker, wiping out about US$44 billion in market value since April.
Shares of the world's biggest smartphone vendor slumped 8.1 per cent this month, extending their longest losing streak since December 1983. Samsung dropped almost US$12 billion of value in August alone as the South Korean company surrendered market share to Apple Inc and Chinese competitors.
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