Worries that after years of strong sales, the smartphone market may be saturated are weighing down cellphone makers like Samsung and HTC, both of which released discouraging numbers on Friday.

Despite registering a 47 per cent jump in profit and selling a large number of Galaxy S4 smartphones —10 million in the month of May — Samsung saw its stock fall after the South Korean company warned it won't be able to grow sales as quickly as it has in the past. Samsung shares are down 16.75 per cent this year.

HTC, which makes the popular HTC One smartphone, reported its sales for June were down 26 per cent from a year ago, citing increased competition. The Taiwanese company's stock is down 32 per cent this year on the Taiwan Stock Exchange.

via Smartphone 'saturation' fears hurt device makers - Technology & Science - CBC News..

2013-07-06 09:47:42
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