Fearless Note7 explosion affects Samsung Electronics' share price to rise nearly 50% against the trend
Fearless Note7 explosion affects Samsung Electronics' share price to rise nearly 50% against the trend

For Samsung Electronics, 2016 is a year of many fates. At the beginning of the year, it launched the Galaxy S7/S7 edge, which is popular among users. However, Samsung, which is eager to win, made a big mistake on the Galaxy Note7. The constant explosion time made it the most short-lived flagship model in Samsung's history, and finally had to end up with a global recall.


Stock price trend of Samsung Electronics in 2016

Although Samsung Electronics suffered such setbacks, its share price was very strong and still rose nearly 50% against the trend. As of the closing of the Korean stock market on December 27, Samsung Electronics' shares had risen to 1.799 million won (about 1490 dollars). It should be known that Samsung Electronics' shares closed at 1.205 million won (about 999 dollars) on the first trading day of 2016, with a net increase of 594000 won (about 492 dollars), up nearly 50% in 2016.


In contrast, Apple's share price closed at $116.52 on the last trading day before Christmas, up $11.17, or 11%, this year. Although it is far ahead of Apple in terms of growth, Apple's total market value is $621.3 billion, while Samsung Electronics's market value is $209.6 billion. There is still a big gap between the two. Apple is still the company with the highest market value in the world.


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