Apple Recap: iPad’s Troubled Kingdom, No Samsung Ban, Strict EU Rules
Apple (NASDAQ:AAPL) fell marginally for the second straight day, falling 0.29 percent to close at $455.49. Here are the top stories that contributed to the stock’s movement through the day:
Threat to iPad’s Kingdom?
Apple’s iPad continued to lead the pack in worldwide tablet shipments in the fourth quarter of 2012, but its overall share dipped as devices from key rival Samsung (SSNLF.PK) surged in popularity. For the quarter ended December, iPad shipments grew 48.1 percent year-over year to total 22.9 million units, according to IDC. Tablet shipments for Samsung, though, zoomed up a massive 263 percent to reach 7.9 million units. Apple’s market share fell for the second consecutive quarter to come in at 43.6 percent, while Samsung’s grew to 15.1 percent to take second place. The iPad maker was down from 51.7 percent in the same quarter last year, while the Korean company rose from 7.3 percent.
Overall, the tablet market saw a 75.3 percent growth to 51.5 million shipments from 29.9 million a year ago. According to IDC, new product launches led to a surge in consumer interest. “The record-breaking quarter stands in stark contrast to the PC market, which saw shipments decline during the quarter for the first time in more than five years,” the report said… (Read more)
Samsung Can Rest Easy
Apple’s appeal to revive its attempt to ban U.S. sales of Samsung’s Galaxy Nexus smartphone has been denied. The appeal was related to a case that’s pending and goes to court in March 2014. However, Apple had asked the Federal Circuit Court of Appeals in Washington D.C. to take a second look at an earlier ruling that rejected its request for a sales ban. Apple’s allegation against the Galaxy Nexus relates to its search function, which the former claims violates a patent for collecting information from various databases. Apple wanted the full court, made of nine judges, to reverse the earlier findings made by a three-judge panel of the same court… (Read more)
EU Regulation Trouble
Apple will stop selling its Mac Pro desktop in Europe starting March 1 because of new regulatory requirements in the region. The company announced the decision in a letter to resellers, according to MacRumors. In a media statement released on Thursday, Apple said that the regulatory issue was related to the large fans within the computer, which are unprotected. The amendment necessitate fan guards and increased protection on the ports on the electrical system, it said. Apple added that it would take final orders for the Mac Pro from resellers until February 18. The company said that countries outside of the European Union would not be impacted. (Read more)
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