Samsung Galaxy S 4 slow demand leads to share decline, claim analysts
Let’s make this clear from sentence one: the below Samsung Galaxy S 4 slow demand information comes from analysts. Now that we’ve got that out of the way, JP Morgan claims that the reason behind Samsung shares declining 6.2% (“to 1,427,000 won as of the close of trade, the largest drop since August 27”), is slow demand for the Samsung Galaxy S 4.
According to JP Morgan, after a good momentum at launch, demand and interest for the Galaxy S 4 is slowing in Europe. Samsung sold 10 million units through its global channels at the end of May, but analysts now revise their predictions to 60 million this year, versus the previous forecasts of 80 million.
“Compared to S3, S4 had stronger momentum in the first quarter of launch,” goes the analysis. “But the following quarter’s shipment is expected to be disappointing and its peak-quarter number seems way below our previous estimates.”
What do you think? Samsung Galaxy S 4 slow demand, or not?
Update: More analysts chime in, more information/speculation, different source. Reuters threw in its two cents on the same idea.