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Samsung Hits a Speed Bump

A Samsung Galaxy S4 smartphone at the World IT Show 2013 in Seoul
A Samsung Galaxy S4 smartphone at the World IT Show 2013 in SeoulPhotograph by SeongJoon Cho/Bloomberg

The world’s largest smartphone maker today saw its stock fall by 6.2 percent after banks downgraded the stock on concerns that Samsung Electronics may make only several billion dollars this year, as opposed to a kajillion.

Sales of the company’s flagship Galaxy S4 have slowed, say analysts. In the meantime, Samsung is readying smaller and more stripped-down versions of its popular smartphones. These less-expensive models will probably perform well in developing markets, but the profits earned on them will be smaller.