Apple has suffered its largest share price drop in four years, with the company having experienced a constant decline in stock prices since the iPad Mini and iPad 4's launch.
Share prices of the world's richest company was hit by the biggest single-day loss since December 17, 2008, due to a decrease of 6 percent. Consequently, the technology giant has lost $35 billion of its market value.
Research firm IDC had predicted that Android-powered tablets will have a market share of 42.7 percent by the end of the year, an increase from 39.8 percent. Subsequently, Apple's iPad share has decreased due to the emergence of devices based on Google's platform. Android has also considerably decreased iPhone's market share on a global scale.
Apple shares have previously seen a drop of around 18 percent from a record-high of $705.07 in September. However, American multinational financial services firm Citigroup recently stressed that the decline won't continue for much longer.
I find it funny that this guy is blaming it on the reservation system. I also find it funny that he states the chinese customer is not interested in a smaller ipad because they already own the full sized one. Your average chinese family simply cannot afford a full sized iPad... they got for the cheapo 50-70 USD android tablets that dominate the market there from iView and similar companies..
hope people keep turning from the dark side
(why yes i beleive this is my nerdiest to date)
The force is strong with this one
First its Steve, then innovation and last would be the dear customers.
The best iPhone is still the first one,. anything after it is rehashed design and hardware.
It's sad really :-P
Or The holding of billions of dollars without using it. The economy requires turnover of money not static wealth accumulation.
Or their until recently complete lack of dividends.
or the CEO Tim / Jobs both being paid $1 a year + shares to avoid tax.
or Them paying for expert testimony's (again not just them but this is wrong)