I usually try not to write much about non-Apple news here, but this is a classic “I told you so” scenario.
Upon earlier reports that the Samsung flagship phone, the Galaxy S4, is not selling too well in local (and many foreign) markets, today we have Wall Street finally telling us exactly that.
Samsung’s stock took a serious beating upon news of a major slowdown on sales of the Galaxy S4, despite announcing that they have shipped 10 million S4s to sales channels all over the world within 28 days. It is however, believed that less than 30% of shipped Galaxy S4s were sold to consumers, with the remainder in warehouses as unsold stock.
In other news, iRadio finally look like it is going to happen next Monday after all.
