Apple Stock Price: Company Keeps Lead in Tablet Market

on Aug 7, 2013
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iNVEZZ.com Tuesday, August 7th: According to a research carried out by the International Data Corporation (IDC), Apple (NASDAQ:APPL) has retained its leading position in the tablet market in the second quarter of the year. The company’s stock opened at $463.80 (£300.23), down 1.63 percent from yesterday’s high of $471.45 (£305.19).

With consumers waitng for Apple to introduce its new iPad in September, the Cupertino-based company shipped 14.6 million iPads in Q2, which is 2.4 million less than a year earlier. The fall in shipments and the growing market shares of other tablet manufacturers have decreased Apple’s share of the market from 60.3 percent to 32.4 percent.

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Samsung was the runner-up with 8.1 million tablet shipments – a staggering 277 percent increase on Q2 2012. Asus and Lenovo followed closely with both companies scoring a very strong growth in tablet sales as compared with last year.

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Tom Mainelli, research director for tablets at IDC, said that the tablet market had slowed down during the second quarter. “With no new iPads, the market slowed for many vendors, and that’s likely to continue into the third quarter. However, by the fourth quarter we expect new products from Apple, Amazon, and others to drive impressive growth in the market,” he said.

When it comes to operating systems for tablets, Google’s Android and Apple’s iOS are still dominating. Microsoft, however, gained speed very quickly in the second quarter, scored a whopping 527 percent increase in shipments over the same period in 2012.
This may partly be the reason why Apple is speeding up the release of its iOS 7. iOS 7 Beta 5 is already available for download to developers and this marks the final stages of the operating system’s development. There are no major changes in the new beta version – it’s mostly bug fixes. Analysts expect that this might not be the last beta version of iOS 7 as the new software has a lot of new features and changes as compared with its predecessor and needs a lot of refinement.
**Apple’s stock price was $465.32 (£300.23) as of 07.08.2013, 15:08 BST.**

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