Apple faces ‘biggest’ share drop in four years
Quotes

Apple faces ‘biggest’ share drop in four years

Last Updated: Thursday, December 6, 2012, 10:46
 
 Comment 0
 
Apple faces ‘biggest’ share drop in four years
London: Apple has suffered its worst one-day share price fall in almost four years after the US-based tech giant lost 34.9 billion dollars in market cap, says a report.

The iPhone maker saw its shares fall 6.4 percent to 538.79 dollars, the biggest one-day drop since December 17, 2008.

According to the Telegraph, America’s biggest company lost almost 35 billion dollars off its market value, and is now worth just under 507 billion dollars.

Traders were also spooked by a report from research firm IDC forecasting 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 share will increase to 42.7percent from 39.8 percent, the paper said.

It added that Apple’s tablet share would slip below 50 percent by 2016, as total global tablet sales more than double to nearly 283 million units in four years as consumers increasingly opt for them rather than personal computers, the paper added.

According to the paper, analysts expressed concerns that Apple risked losing ground to Nokia smartphones in China, while failing to keep pace with Google in the tablets market.


ANI



First Published: Thursday, December 6, 2012, 10:46


Comments


comments powered by Disqus
World Economic Forum 2015
World Economic Forum 2015
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved