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Samsung stock plunges as Apple enters foldables: is its seven-year lead at risk
Source: invezz.com
Product LaunchesTechnology & InnovationAutomotive & EVAntitrust & Competition
Samsung Electronics shares fell after Apple unveiled its first foldable smartphone, the $1,999 iPhone Duo, directly challenging Samsung's Galaxy Fold franchise. Apple's entry into the foldable category, which Samsung has developed for seven years, raises competitive risks for Samsung's premium smartphone market share and pricing power.
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