{"id":40676,"date":"2013-06-26T08:32:21","date_gmt":"2013-06-26T06:32:21","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=40676"},"modified":"2013-06-26T08:39:28","modified_gmt":"2013-06-26T06:39:28","slug":"samsung-slumps-as-earnings-forecast-weakens","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/hardware\/40676\/samsung-slumps-as-earnings-forecast-weakens\/","title":{"rendered":"Samsung slumps as earnings forecast weakens"},"content":{"rendered":"

Shares in Samsung Electronics Co Ltd slumped 3 percent to nine-month lows on Wednesday, as investors braced for weaker-than-expected earnings from the smartphone maker for the April-to-June period.<\/p>\n

Shinhan Investment Corp joined a number of brokerages in cutting its target price for the South Korean technology giant, forecasting smartphone shipments and earnings would be less than it had previously expected.<\/p>\n

Samsung Electronics shares were set to fall for a sixth consecutive session. They were down 3.1 percent to 1,257,000 Korean won ($1,100) as of 11:43 p.m. ET, underperforming the wider market’s 0.2 percent drop. This was their lowest level since September 11 last year.<\/p>\n

More on Samsung<\/h3>\n

Analysts backtrack on Samsung Galaxy S4<\/a><\/strong><\/p>\n

Samsung dominates in global mobile phone sales<\/strong><\/a><\/p>\n

Samsung SA shows off holiday wares<\/strong><\/a><\/p>\n

Samsung Galaxy smartphones propel quarterly profit<\/strong><\/a><\/p>\n

Samsung pins $7.4 billion profit<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

hares in Samsung Electronics Co Ltd slumped 3 percent to nine-month lows on Wednesday, as investors braced for weaker-than-expected earnings<\/p>\n","protected":false},"author":7,"featured_media":927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[25,135,52],"class_list":["post-40676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hardware","tag-active","tag-earnings","tag-samsung"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/40676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=40676"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/40676\/revisions"}],"predecessor-version":[{"id":40701,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/40676\/revisions\/40701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/927"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=40676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=40676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=40676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}