Samsung’s stock is tumbling to its lowest level in 10 months after the launch of new phones

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The share of the South Korean “Samsung Electronics Co” fell to its lowest level in 10 months during today’s trading, due to a state of frustration that accompanied the launch of its latest smartphones to compete with the American company, “Apple”.
Last week, Samsung unveiled the Note 5 and S6 Edge phones, in an effort to restore strong sales from Apple and Xiaomi, while analysts indicated that the launch of new phones will not It helps the company to curb the decline in its market share.
The share of the Korean company operating in the field of electronics today lost 3.2% to 1.104 Korean won, its lowest level since October 28.
Samsung’s revenues had registered a decline during the previous five quarterly business results, and the profits recorded in the second quarter of the current year failed to reach analyst expectations.

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