Interest in smartphones is flattening
Both Apple and Samsung this week predicted slow growth for smartphone and mobile phone sales in early 2016, making investors queasy.
Apple's stock dropped 6.5% at Wednesday's market close after CEO Tim Cook told investors he expects iPhone unit sales to decline for the current quarter compared to a year ago. Apple's iPhones make up the majority of its revenues. Trading in Apple was flat this morning.
Samsung's stock also dropped by 2.5% late in the day of Thursday trading after the South Korean company reported a 10% drop in mobile sales in the last quarter of 2015. The company said it would be a challenge to maintain operating profits for 2016.
To read this article in full or to leave a comment, please click here