Samsung’s slipping smartphone market share is not a positive catalyst for its shares or EWY.
“While Samsung remains the world’s largest smartphone maker, its global share has been steadily falling. Sluggish demand for the company’s high-end Galaxy 6 prompted it to cut prices just four months after the device’s debut, while Chinese rivals eat away at its cheaper models. Tepid demand for memory chips, particularly for personal computers, is also dragging on the company’s earnings,” according to Bloomberg.
iShares MSCI South Korea Capped ETF
Tom Lydon’s clients own shares of Apple.