The sage between prominent Greenlight Capital investor David Einhorn and Apple continues.
If you’ve been up on your Apple news the past few months, then you’ve probably heard about a “silly sideshow” that been going on about Apple’s stock. Basically, Greenlight Capital isn’t happy with the amount of cash their getting back on their investment in Apple, while Apple has been hoarding all their cash.
Hoping to convince Apple to give shareholders some of their cash, Greenlight Capitals found, David Einhorn, has a concocted a plan that would have Apple selling “iPref” stock to investors who want to eat Apple’s cake.
New data from Counterpoint Research suggests that strong December sales have helped LG overtake Apple to claim the second-largest stake of the U.S. phone market. As you might expect, Samsung is still way ahead in first.
The iPad may be the king of tablets in some markets, but Apple’s device cannot compete with the Nexus 7 in Japan. Its premium price tag is causing tablet buyers to opt for Google’s 7-inch slate instead, despite its smaller display and lack of a rear-facing camera. One survey of Japanese electronics stores has found that the Nexus 7 has claimed 44.4% of the tablet market.
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According to a report by Strategy Analytics, smartphone shipments in general fell 5 percent in the second quarter of the current year, 2012. The market for smartphones in the second quarter of last year was 25.2 million, while this year’s second quarter only brought 23.8 million smartphones to the US consumer. In addition, Android lost ground to iOS, falling four points to 56 percent of the smartphone market.
While Android remains the top platform by volume in the US, Apple’s iOS is gaining, having risen 10 percentage points in the same period of time as last year, from 23 percent to 33 percent. We can only assume that the release of the iPhone 5, which many pundits believe customers are waiting for, causing a lull in current iPhone sales, will only increase Apple’s rising fortunes in the smartphone market.
Beyond just offering up the latest quarterly financial numbers, Apple CEO Tim Cook gave us glimpses of where Apple is heading.
Beyond the numbers, there were some tantalizing tidbits about Apple and the company’s future plans during today’s quarterly financial call. While nothing quite lived up to Tim Cook comparing Windows 8 to someone trying to converge a toaster and a refrigerator into a single device during the last call, there were several choice comments.
This is the first tablet Apple will need to be aware of.
Since its debut back in 2009, the iPad has dominated the tablet market. At the time of writing this piece, the device holds around 55% of the market share in the United States. Rival tablets from the likes of Amazon, Samsung, and HTC have tried to do battle with it, but they’ve had very little impact on its success.
But there is one tablet that Apple will need to keep its eye on: Microsoft’s new Surface. It’s already being dubbed an “iPad killer” by some, and although we’re skeptical the Windows-powered slate will “kill” Apple’s device, there are a number of reasons why the “Pro” variant will have more of an impact than you think.
According to a report by ABI Research, Apple and Samsung have 50 percent of the smartphone market, and 90 percent of the global profits from that market. These top two companies dominate the smartphone industry so thoroughly, claims the research firm, that there is no one even close to becoming a third player.
“At this point in the year, Nokia will have to grow its Windows Phone business 5000 percent in 2012 just to offset its declines in Symbian shipments,” Michael Morgan, senior analyst for devices, applications & content at ABI, said in a statement.