Wednesday, May 16, 2012
Samsung`s value drops $10B on fears that Apple may ditch them
Apple Insider reports "Rumours from DigiTimes, the Taiwanese technology publication, hints that Apple has placed huge orders with Elpida, a chipmaker in Japan.
That caused concern that Apple was moving its DRAM business away from Samsung, and Samsung's market value fell by $10 billion, according to Reuters.
Industry watchers have speculated that Apple placed the orders with Elpida in an effort to keep the company running and ensure competition in the market. The Japanese chipmaker has struggled of late, and U.S.-based Micron Technology Corp is currently in talks to acquire the business.
Samsung's stock troubles on Wednesday also came as a pair of reports from The Wall Street Journal and Reuters said that Apple had tapped a trio of suppliers to supply larger 4-inch screens for its sixth-generation iPhone. Noticeably absent among those three companies was Samsung, which is one of Apple's chief suppliers of LCD displays."
Looks like Samsung might be getting some tough love.
at 5:47 PM