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Samsung Says Strong Demand For The Note 7 Can Lead To Delays Causing The Stock To Fall 2%


Samsung shares fell by 2 percent on Wednesday after the technology giant voiced stronger-than-expected demand for its new Galaxy Note 7 had forced it to push back the release date in some markets. Samsung said this in a statement emailed to CNBC, “We appreciate the strong demand and positive response to the Galaxy Note7 from consumers across the globe. As pre-order results for the Galaxy Note7 have far exceeded our estimates, its release date in some markets has been adjusted.”


The company said, “We look forward to meeting consumers’ demand as early as possible” without making it clear which market delays could be possible in. The South Korean electronics giant unveiled the 5.7-inch Note 7 earlier this month which the analysts have hailed as one of the best devices in the market.

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