Jun 7 - Apple and Samsung's smartphone battle suffers from evolving market conditions.
It's far from makers golden age is waning. The latest sign. Ten -- market I felt like twelve billion dollars in Seoul after a rash of brokerage downgrades. He's came after the Korean electronics firm launched two basic versions of its hit S forehands that. It also follows Apple's plan to start a program allowing users to trade in their older iphones for the newest model that's pretty Bloomberg. That's Samsung apple its rivals all face two problems first. Mark hunger the slowing because more than half the people may developed countries are to have one means fewer new customers and second. Getting harder to tell high end phones were cheap one as the technology in the lower end and -- Case in point during -- Reuters in your -- paying the deputy chairman of Wally today he placed you both of the table instead of these high end. Not so easy to tell anymore. There's less incentive pay after the luxury model. At these two trends together and mean sales growth will slow comfortable fight harder chain customers and profits are gonna come under pressure. Shares of apple roughly flat today near 438. Spying you -- think give any priors on that well forget about it. Article in the Washington Post and guardian today outlined the massive scope of the US government program and tapping videos calls -- and searches. And apple Google FaceBook and Microsoft. Well nearly all the biggest Internet firms made the list it's interesting to note that Twitter didn't. The social messaging site has a history and reputation fighting to keep users' data private and I can be an advantage if users become concerned about people looking over their shoulders. You don't -- a spy scandal check out the video breaking news that earlier today called open secret. Billion -- hot IPOs and a press offered me -- great place to check out these are companies that sell to businesses latest example texture. It makes offer for the construction industry three partners from price Waterhouse Coopers founded ten years ago. If price -- fifteen dollars a share and jumped 68% at one point today in its debut to 152517. Now more than 40%. Other recent winners include work there's meets meets makes HR related software and spunk and -- -- company's shares doubled on day one. Market data firm Everest research says -- -- -- -- in nearly tripled the gains of consumer companies in the two years following their IPOs. -- and sputtering -- -- look at the movers soaring -- GameStop. The video game retailer after Microsoft said its new Xbox one game console won't block used games which had been feared. Shares up 5%. And sputtering Tivo the video recording company settled a patent dispute -- received 490 million dollars from Cisco and others. But investors have been hoping for more shares down 17%. That's tech it's Friday remember you can follow us on Twitter art -- equity. I'm rob Syrians and this is writers.