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| Samsung Group Lost $12 Billion |
Samsung Electronics Co. Ltd (KRX:005935), is the giant of the Smartphone market, it is considered as Top-notch leader when it comes to product innovation, Range and quality. The Company had a very compelling history; it challenged companies like Apple Inc (AAPL), HTC Corp (TPE:2498)and Sony Corporation (NYSE:SNE)and came up with the best of the best products.
Analyst firm Reuter claims that Samsung lost $12 billion in market value on Friday, due to concerns that the two stripped-down versions of the Galaxy S4 variants will have an adverse effect on its profit margin.
