Samsung Loses $10 Billion of its Value Over a Rumor That Apple Will Reduce its Orders

Discussion in 'Android Tablet News' started by dgstorm, May 16, 2012.

  1. dgstorm

    dgstorm Editor in Chief Staff Member

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    Just today, Samsung lost 6% of its total market stock valuation because a rumor over at DigiTimes suggests that Apple will cut its orders for chips and switch to using Japanese silicon maker Elpida. This amounted to a $10 Billion dollar dip in stock price, which is sure to make some investors unhappy. Here's a quote with some additional details,

    It's amazing how one small rumor can cause such a massive "butterfly effect." We will let you know if this rumor turns out to be true. It looks like there may be some big changes happening in the semi-conductor industry.

    Source: PhoneArena
     
    Last edited: May 16, 2012
  2. MA83

    MA83 Member

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    So, is it 10 million or billion?
     
  3. dgstorm

    dgstorm Editor in Chief Staff Member

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    Sorry. Typo. Story fixed. Thanks for the catch! :)
     

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