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Wednesday, 16 May 2012

Samsung loses $10 billion market value on Apple report

Samsung DRAM.

An Apple-related report from Taipei-based DigiTimes lopped $10 billion off Samsung's market value, according to Reuters.
The Taipei-based publisher said on Tuesday that Apple has placed "huge orders for mobile DRAM" chips with Elpida, a Samsung rival.
That news alone drove Samsung's shares down 6 percent, wiping the $10 billion off the market value on Wednesday, according to Reuters.

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