Apple Inc. (AAPL) Recap: Stock Climbs $12.40 in Week for Good Reasons
On Monday, Morgan Stanley (NYSE:MS) analyst Katy Huberty predicted that Apple (NASDAQ:AAPL) will form partnerships over the next year with China Telecom (NYSE:CHA) and China Mobile (NYSE:CHL) for the iPhone, Apple Insider reported. The move would make the device available on all three Chinese carriers and could bring incremental sales of up to 40M units next calendar year.
Also, Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG) and Amazon.com (NASDAQ:AMZN) were among tech companies that increased the number of their employees by at least 50% in the past two years, according to Bloomberg data. And, Apple (NASDAQ:AAPL) regained its number one position in global smartphone shipments in Q4, while Samsung became the world’s largest smartphone brand for full-year 2011, according IHS iSuppli, reported DigiTimes.
On Tuesday, Apple announced that John Browett will join the company as senior vice president of Retail, reporting to Apple CEO Tim Cook. Browett comes to Apple from European technology retailer Dixons Retail, where he has been CEO since 2007. Beginning in April, he will be responsible for Apple’s retail strategy and the continued expansion of Apple retail stores around the world.
On Wednesday, Foxconn announced it is looking to build five more factories in Brazil to produce liquid crystal displays for future products from Apple (NASDAQ:AAPL), the Boy Genius Report says, citing Brazilian news outlet Folha. Each new factory could employ about 1,000 workers. In addition to building Apple products, the factories will also manufacture notebooks and batteries.
Meanwhile, a German judge decided not to grant Apple’s (NASDAQ:AAPL) request for a preliminary sales ban on two Samsung devices, and the judge added that Apple’s patent is “more likely than not” to be revoked, according to Bloomberg.
On Thursday, a large increase in sales of Apple’s (NASDAQ:AAPL) iPhone caused the company to jump to third place in worldwide mobile phone sales in Q4, up from fifth place previously, according to Cnet, which cited research firm IDC. Apple, which had an 8.7% share of the worldwide market last quarter, trailed only Nokia (NYSE:NOK) and Samsung in mobile phone sales, the publication added.
On Friday, Apple (NASDAQ:AAPL) resumed taking online orders for its iPhone 4S from residents of mainland China on Wednesday, but the company was vague on exactly when the devices would be delivered, promising only that they would be delivered some time in February, according to China Daily.
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