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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
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    dgstorm Editor in Chief Staff Member Premium 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. combatmedic870
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    combatmedic870 Well-Known Member

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    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
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    jayman350 New Member

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    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
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    meishkov New Member

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    Hahaha, That's so bad. Yet so true at the same time.

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