Samsung’s market capitalization falls to thirteenth place in the global IT market

SamsungAfter some exciting announcements over the course of past few weeks including the Galaxy Note 5, the Galaxy S6 edge+, and the Gear S2, there’s some bad news for Samsung. According to a new report from Korea Herald, the tech giant fell out of the top ten list of global IT brands when it comes to market capitalizations.

Samsung now lies on the thirteenth spot, and is facing a financial turmoil that has been affecting them for quite a while now. Despite good sales this year, Samsung still finds itself in a pretty bad financial situation. Investors have found Samsung less attractive this year despite the fact that the company is keeping the stature of the country’s most valuable company and the world’s largest handset manufacturer.

2012 was the peak for Samsung when the company was sitting at spot #6, but it went downhill next year when Samsung dropped to the ninth place, only to find itself on spot #13 this year. Things are pretty bad but out there for Samsung as it is still one of the biggest tech companies in the world. We’ll see what they unveil at IFA this year apart from the Gear S2 smartwatch and some home automation products by SmartThings, because Samsung still has the chance to advance the ranks.

Via | Source

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