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Samsung loses $10 bn in market value on Apple order report
As far as India’s equity market is concerned, he said that the Sensex may bottom-out at the 12,000-16,000 level. “Rupee seems to be oversold in the near term. If the rupee depreciates by 10-20 per cent in the near term, it will also help the market,” he a
16 May 2012, 02:59 PM IST 
German finance minister Wolfgang Schaeuble
Shares in Samsung Electronics slumped more than 6 per cent on Wednesday, wiping $10 billion off the electronics giant's market value, on a report that Apple placed huge chip orders with troubled Japanese chip rival Elpida.Taiwan's DigiTimes, an online trade news site, reported that Apple recently placed large mobile dynamic random access memory (DRAM) orders with Elpida's 12-inch plant in Hiroshima, Japan, securing around half the fa...
