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

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

  1. dgstorm

    dgstorm Editor in Chief Staff Member Premium Member

    Joined:
    Dec 30, 2010
    Messages:
    7,813
    Likes Received:
    1,749
    Trophy Points:
    258
    Location:
    Austin, TX
    Ratings:
    +1,784
    [​IMG]

    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. combatmedic870

    combatmedic870 Senior Member

    Joined:
    Aug 4, 2011
    Messages:
    1,335
    Likes Received:
    56
    Trophy Points:
    48
    Location:
    Portland OR
    Ratings:
    +56
    Wow....Thats quite a plunge. Just over a rumor....Gotta love how that works. It is most likely true. It makes sense at least
     
  3. jayman350

    jayman350 Member

    Joined:
    Jan 8, 2010
    Messages:
    843
    Likes Received:
    18
    Trophy Points:
    18
    Location:
    Lowell, Ma
    Ratings:
    +18
    and with this recent news of using Hiroshima made chips... Apple has announced that, thanks to the US Military efforts from the 1940s, the iphone5 will glow in the dark
     
  4. meishkov

    meishkov Member

    Joined:
    Feb 12, 2010
    Messages:
    957
    Likes Received:
    2
    Trophy Points:
    18
    Location:
    Sterling Heights, MI
    Ratings:
    +2
    Hahaha, That's so bad. Yet so true at the same time.

    Sent from my OG using DroidForums
     
Search tags for this page

will galaxy s4 lose its value fast