In an age of demand for simple, inexpensive smartphones, big is not always better. The latest example is Samsung, viewed until recently as the Asian Apple, it's Galaxy smartphones keeping Android from sinking into mediocrity. After snickering at the iPhone maker's spate of bad luck on Wall Street, Samsung Friday lost 3.6 percent of its stock value amid a disappointing quarterly forecast.
With 70 percent of its profits coming from mobile devices, Samsung is in the same leaky boat as Apple. Addicted to high profits from sales of expensive smartphones built cheaply, Samsung Friday forecast $8.3 billion in profit during the second quarter, lower than the $8.9 billion Wall Street expected.
Since early June, the South Korean firm's stock value has lost $34.2 billion, the market capital of Sony and LG combined, according to one report...