Samsung Loses $12 Billion Market Value On Smartphone Worries

Samsung has faced a big blow today of $12 billion probably because of slowdown of Galaxy S4 sales. The company's share price has dropped more than 6% as a result. The major reason is rumored to be the weak smartphone sales all across the globe. Analysts suggest the company is currently facing less than the expected sales of Galaxy S4. They go on further to say that the newly announced Galaxy S4 Mini will lessen the profit too as people would prefer it over original Galaxy S4.
Samsung's market value has also been hit as a result of the news that Apple is going to offer a trade-in program for iPhones. Well, that's still a rumor and will be confirmed in a couple of days time at WWDC Conference but it has done the damage to Samsung already.

Samsung is currently leading the smartphone industry but has it already reached the maximum height? It's still too early to predict but one can safely assume that Samsung has to see things cautiously now. HTC One has been a great success for the Taiwanese. And with the news floating around about weaker sales of Galaxy S4 things can go even worse for Samsung.
How do you see this happening to Samsung? Let us know by dropping a comment below.