Appleās share plummeted to a 16-month low on Wednesday after news broke that it would not produce a new iPad model this summer and that it shipped fewer iPhones in 2013.
Yet again, the media has reported that Appleās ālost its crown as the worldās most valuable companyā. However, itās never been the worldās most valuable firm, the national oil company of Saudi Arabia, Saudi Aramco, is. #
(Read: Stop the press! Apple is NOT the worldās most valuable company)
The tech giant saw itās lowest point since Decemeber 2011 after shares fell below $400 before closing at $403. Last year, shares reached more than $705.
Concerns sparked yesterday when one of Appleās suppliers, Cirrus Logic, which makes sound components for the iPhone and iPad, reported a decline in sales.
On the other hand, Appleās arch rival Samsung has scooped up a bigger share in both the smartphone and tablet PC sectors.
In the last quarter of 2012, Samsung sold 64.5 million smartphones compared to Appleās 43.5 million.
Research by Gartner showed that Samsung doubled its share of the tablet PC market to 15.1% in the last three months of 2012. Meanwhile, IDC data analysts reported that Appleās share slid to to 43.6% from 51.7%.
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https://londonlovesbusiness.com/apple-just-raised-prices-for-these-products/
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