Saturday September 19, 2020

Apple shares decline most since 2008 on Nokia, Google concerns

Apple shares declined the most in almost four years yesterday on concern that the company will lose ground in smartphones to Nokia in China while giving up market share to Google in tablets.

6th December, 2012
Apple's share of the tablet market is slipping.

Apple shares declined the most in almost four years yesterday on concern that the company will lose ground in smartphones to Nokia in China while giving up market share to Google in tablets.

Apple fell 6.4 per cent, the biggest drop since December 17th, 2008, to $538.79 at the close in New York. The decline erased $34.9 billion from Apple’s market value, the steepest loss since at least 1988, according to data compiled by Bloomberg....

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