Things are about to get even uglier for the high-end smartphone market

Things are about to get even uglier for the high-end smartphone market:

As it happens, Samsung issued a warning about its upcoming quarterly earnings literally hours before Walmart's decision to discount the iPhone 5c to $29, apparently permanently. Oddly enough, smartphone chip titan Qualcomm's share price has started lagging NASDAQ since early June even as overall tech investment sentiment remains giddy. Isolated events? Or omens of high-end gadget sales slowing down? Unfortunately, it's probably the latter.

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