Samsung Hits Lower Sales In a Week After Nexus Ban In U.S.
The world leader Smartphone company Samsung Electronic Co. has seen the most down phase in Seoul trading for the week as Apple disallowed them for selling Google Nexus device in U.S by winning a court ruling. Samsung sales dropped to 2.4 percent. It has also effected the stock trade as it has hit another low by 2 percent till 11:10 a.m. Samsung, if this continuos then they could be moving towards the major decline since June 25.
Apple has accused Samsung for copying its designs and the dispute issue is for the global patent. Both are the giants in the Smartphone category. Apple has targeted around 25 smartphones of Samsung with the inclusion of Nexus and also the Samsung Galaxy S III by June 29. The patent war has proved to be dangerous for Samsung till now.
Lee Sun Tae, Analyst at NH Investment and Securities Co told that Samsung could find themselves in the biggest problem till date if Apple succeeds to ban Samsung Galaxy S III. Nam Ki Yung informed that Samsung has appealed against the decision on July 1.
Samsung Galaxy S III sales in U.S started in last month. Last year, major overseas share for Samsung’s Smartphones were derived from U.S market.
The patent dispute for Google Nexus involved Google search and Samsung on June 30 said they are working hard to resolve the ban.
Though, Samsung and Apple are not the rivals alone, they are also friends when it comes to the developing some parts which includes screens and semiconductors, which has been supplied by Samsung to Apple. Samsung earns around 7.6 percent of its revenue via Apple.
In the first quarter, Samsung sold around 44.5 million smartphones to take over the Apple from lead. However, it will be interesting to see the changing times of Samsung.