Apple (AAPL) Quietly Cheers Financial Woes at Samsung
Tweet
Share
E-mail
Get Alerts AAPL Hot Sheet
Price: $169.02 +1.27%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: -4.3%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: -4.3%
Join SI Premium – FREE
It wasn't too long ago that markets believed Samsung was getting the upper hand in their battle with Apple (NASDAQ: AAPL). Some even started carving the iPhone makers headstone. How quickly things change...
With the successful launch of the iPhone 5S, Apple appears back on top and Samsung is the one singing the blues.
According to new research from FnGuide, Samsung may post weaker-than-expected fourth quarter results when it reports. Analysts now see the South Korean smartphone giant posting a profit of around 9 trillion won, down form a prior view of 10.2 trillion won. While negative foreign exchange fluctuations will get most of the blame for the miss, the news may underscore a bigger theme - that Apple is back on top in the smartphone battle.
With the successful launch of the iPhone 5S, Apple appears back on top and Samsung is the one singing the blues.
According to new research from FnGuide, Samsung may post weaker-than-expected fourth quarter results when it reports. Analysts now see the South Korean smartphone giant posting a profit of around 9 trillion won, down form a prior view of 10.2 trillion won. While negative foreign exchange fluctuations will get most of the blame for the miss, the news may underscore a bigger theme - that Apple is back on top in the smartphone battle.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- Apple (AAPL) announces 'Let Loose,' a special online event to be held in May
- Tesla (TSLA) erases gains, drops to $140 again
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
