Samsung's stock price took a hit when analyst houses lowered their Galaxy S4 sales estimates. Now Samsung Mobile's chief and co-CEO, JK Shin has confirmed to Korean reporters that this is not the case and the phone has been “selling well”. Shin emphasizes that the report by JP Morgan was based “on its own analysis” and may have “corrected its previous bullish estimate about the S4 sales”.
Shin's move is said to put brakes on the sliding Samsung share prices and apparently the investor team of the Korean company also stepped in to provide some information on the sales of the Galaxy S4 to the local brokerage firms.
