Apple Recap: Tablet Market, Icahn’s Position, and the Question of the Mac
Shares of Apple (NASDAQ:AAPL) jumped around on the stock chart Wednesday, and while the stock closed up $1.36, or 0.27 percents, at $502.43, it ended the day below its key simple moving averages. Here’s a cheat sheet to today’s top Apple stories.
Is Apple Losing the Tablet Market in China?
Apple’s tablet competitors may finally be gaining some ground in at least one important emerging market. According to the latest data from market research firm IDC via IDG News Service, Apple’s share of the tablet market in China has slipped to 28 percent in the second quarter of this year.
Apple typically accounts for about 50 percent of the tablet shipments in China. IDC analyst Dickie Chang notes that Apple had a 49 percent share of the tablet market in China just one year ago, reports Bloomberg. Apple shipped 3 million iPads to China in the first quarter of this year. In the second quarter, that number fell to about 1.5 million. However, Chang believes the decline is likely due to an overall reduction in iPad inventory as Apple prepares to refresh its product line later this year… (Read more.)