Samsung leaves Apple flatfooted in smartphone wars
The company's share price fell 2.5 per cent on this signal that a slowdown is likely in Samsung's first quarter of this year.
Apple fared even worse. iPhone shipments fell below analyst forecasts of 50 million units for the quarter, and growing fears that the company has no new products on the horizon caused its share price to nosedive.
Despite reporting record quarterly revenue of $54.5 billion (€40.5 billion) and a record quarterly net profit of $13.1 billion , Apple's stock fell 12 per cent after it reported earnings, the biggest percentage drop in over four years, removing more than $50 billion from the company's market value.http://www.fiercewireless.com/