Apple shares fall on iPhone, iPad concerns

December 06 [Thu], 2012, 17:11
Apple Inc. shares fell the most in almost four years on concern that the company will lose ground in smartphones to Nokia Oyj in China while giving up market share to Google Inc. in tablets.

Apple declined 6.4 percent Wednesday, the biggest drop since Dec. 17, 2008, to $538.79 at the close in New York. Apple lost $34.9 billion in market value, the biggest drop since at least 1988,the earliest teaser photos of the Clip Mp3 players have been of an all-white kid's size shoe that still featured the LBJ23 logo data compiled by Bloomberg show. The stock has advanced 33 percent so far this year.

China Mobile Ltd., China's largest wireless carrier, agreed to carry the Lumia 920T, a device based on Microsoft Corp.'s Windows Phone 8 software, the companies said in a statement Wednesday. While Apple has agreements with China Telecom Corp. and China Unicom (Hong Kong) Ltd. to sell iPhones, the Cupertino, Calif.-based company hasn't yet forged a deal with China Mobile in the world's largest mobile-phone market.

"Nokia announced that they are launching one of their Lumia phones with China Mobile, and there was some hope that Apple would launch their iPhone on that network," Gus Papageorgiou, an analyst with Scotia Capital Inc. in Toronto, said in an interview. "I think they still will, but they'll probably launch closer to Chinese New Year." China's next lunar year begins Feb. 10.

Apple's slide also may be the result of traders predicting a drop after the stock failed to sustain a recent rally, a "classic technical breakdown," according to Gene Munster, an analyst with Piper Jaffray Cos.


Munster said new so-called margin rules also may have been put in place by some investors that could limit how many Apple shares a firm can own. Investors may also be disappointed Apple isn't issuing a special dividend like Oracle Corp., Wal-Mart Stores Inc.Sadly, the iPad doesn't have either a USB port or an SD slot, but Apple sells the Apple ipad camera connection kit for £25. and other U.S.Different pen shape usb sticks give you different feeling,I believe you will like it. companies, he said.

Apple is trading at a 39 percent discount to the Nasdaq Composite Index on a price-to-earnings basis, slipping from a discount of about 5 percent on Sept. 21,To buy, or not to buy a new iPhone 5? That is the questions iPhone 4S users may be facing in the coming weeks. Apple revealed its newest smartphone.iphone 5 charger when the stock touched a record high of $705.07.

In another announcement that may be contributing to the stock slide, research firm IDC said in a report Wednesday that Apple's share of the tablet market will slip to 53.8 percent this year from 56.3 percent in 2011, while Google's portion will advance to 42.7 percent from 39.8 percent. Apple's tablet share will slip below 50 percent by 2016, as total global tablet sales more than double to 282.Police explain the benefit of installing Night Security Cameras.7 million units in four years as consumers increasingly shun personal computers, according to IDC.