Samsung is facing a loss in demand for Samsung Galaxy S4 phones. Although, the Samsung Galaxy S4 has been demanded by consumers it has competition with Apple’s iPhone and HTC’s One. The South Korea-based smartphone maker reported net profit of 7.8 trillion won ($7 billion) in the second quarter.
The problem is not unique to Samsung. Apple’s (AAPL, Fortune 500) iPhones have also been selling well, but growth has slowed and investors have punished the stock lately. Blackberry (BBRY) has also struggled to gain traction with its new Z10 smartphone, and its stock has plummeted.
Now that Samsung is mirroring that trend, industry analysts believe that the top tier of the market is becoming saturated.
Picture by www.samsung.com