14 DAY TRIAL // Galaxy S4, the latest flagship Android-based smartphone from South Korean mobile phone maker Samsung, is now said to experience slower demand, which results in a drop of Samsung shares.
According to JP Morgan, although Galaxy S4 enjoyed high demand at launch, reaching 10 million sold units in less than a month after becoming available for purchase, interest in the device is declining in Europe.
The research firm also notes that, although Galaxy S4 was initially expected to sell over 80 million units before the end of this year, it will reach only the 60 million milestone.
“Compared to S3, S4 had stronger momentum in the first quarter of launch. But the following quarter’s shipment is expected to be disappointing and its peak-quarter number seems way below our previous estimates,” the firm said, according to The Telegraph.