Apple Recap: iPad’s Troubled Kingdom, No Samsung Ban, Strict EU Rules
Apple (NASDAQ:AAPL) fell marginally for the second straight day, falling 0.29 percent to close at $455.49. Here are the top stories that contributed to the stock’s movement through the day:
Threat to iPad’s Kingdom?
Apple’s iPad continued to lead the pack in worldwide tablet shipments in the fourth quarter of 2012, but its overall share dipped as devices from key rival Samsung (SSNLF.PK) surged in popularity. For the quarter ended December, iPad shipments grew 48.1 percent year-over year to total 22.9 million units, according to IDC. Tablet shipments for Samsung, though, zoomed up a massive 263 percent to reach 7.9 million units. Apple’s market share fell for the second consecutive quarter to come in at 43.6 percent, while Samsung’s grew to 15.1 percent to take second place. The iPad maker was down from 51.7 percent in the same quarter last year, while the Korean company rose from 7.3 percent.
Overall, the tablet market saw a 75.3 percent growth to 51.5 million shipments from 29.9 million a year ago. According to IDC, new product launches led to a surge in consumer interest. “The record-breaking quarter stands in stark contrast to the PC market, which saw shipments decline during the quarter for the first time in more than five years,” the report said… (Read more)