Worries about weak smartphone sales have hit UK chip designers.
A report from JP Morgan suggesting that weak European demand for Samsung's flagship Galaxy S4 phone could hit the company's earnings, with the bank saying it expected S4 shipments this year to be up to 30% lower than it previously forecast.
So with worries the market could finally have become saturated, suppliers to Samsung and Apple have seen their shares decline. Wolfson Microelectronics is down 22.25p at 179.75p, Imagination Technologies has fallen 6.7p to 332p and Arm has dropped 12p to 866.5p.
