Mobile Tech Today

CIO Today Network Sites:   Top Tech News  |   CIO Today   |   Mobile Tech Today   |   Data Storage Today
News & Product Reviews for Mobile Tech Users
Vblock™ Systems:
Advanced converged infrastructure
increases productivity & lowers costs.

www.vce.com
Wednesday, April 23rd 
24/7/365 Network Uptime!
Trending Topics:   Security Heartbleed Big Data Cloud Computing Windows XP Data Centers OS X Mavericks
Home
Laptops & Tablets
Mobile Phones
Mobile Gadgets
Mobile Apps
BYOD & MDM
iPad
Mobile Industry News
Wireless Connectivity
Wireless Security
GPS & Maps
MTT Press Releases
 
Free Newsletters
Top CIO News
 
Mobile Tech Today
 

Apple/Mac

Pressure Mounts for Apple To Expand Its Horizons

Pressure Mounts for Apple To Expand Its Horizons
January 30, 2014 9:31AM

Bookmark and Share
Wall Street vented its frustration after Apple reported that it sold fewer iPhones than analysts anticipated during the holiday season. Apple has been relinquishing market share to Samsung and other companies that primarily make devices running Google's Android OS. Those competitors offer a broader selection of designs and prices.

Your Next Generation Data Center Is Here! Vblock™ Systems: the world's most advanced converged infrastructure are built on the Cisco Unified Computing System with Intel® Xeon® processors. Vblock™ Systems deliver extraordinary time to market, ROI and TCO, and flexibility to meet your continually changing demands with 5X faster deployment, 96% less downtime, and 1/2 the cost. Click here to learn more.

Apple reshaped technology and society when Steve Jobs unveiled the iPhone seven years ago. Now, the trend-setting company is losing ground to rivals that offer what Apple has stubbornly refused to make: smartphones with lower prices and larger screens than the iPhone.

The void in Apple's lineup is a major reason why the company's quarterly revenue may be about to fall for the first time in more than a decade, much to the dismay of investors who are worried that Apple Inc. is losing its verve and vision.

Wall Street vented its frustration after Apple reported late Monday that it sold fewer iPhones than analysts anticipated during the holiday season. Apple compounded that disappointment with a forecast raising the possibility of a slight revenue decline in the current quarter. It would be the first time that Apple's quarterly revenue has dropped from the previous year since 2003.

Apple's stock shed $44, or 8 percent, to close Tuesday at $506.50, marking the company's largest one-day drop in a year. The sell-off leaves the stock about 28 percent below its peak of $705.07, reached in September 2012 when Apple's leadership in smartphones and tablet computers was still generating robust revenue growth.

Since then, Apple has been relinquishing market share to Samsung Electronics Inc. and other companies that primarily make devices running Google Inc.'s Android operating system. Those competitors offer a broader selection of designs and prices than the iPhone and the iPad.

That trend is one of the reasons that Apple's revenue growth hasn't exceeded 6 percent in any of the past three quarters. By contrast, Apple's quarterly revenue was consistently increasing by at least 20 percent two years ago and even exceeded 70 percent during the 2011 holiday quarter.

Apple remains in stellar shape financially, coming off a $13 billion profit in its most recent quarter -- more than all but a handful of companies make in an entire year. The Cupertino, Calif., company also is sitting on nearly $159 billion in cash.

But Apple's stock is unlikely to bounce back to its previous high unless the company's growth accelerates.

The challenges facing Apple have been most glaring in the smartphone market.

Phones in less affluent parts of the world are selling for less than $200. By comparison, iPhones sold for an average of $637 in Apple's most recent quarter. Even Apple's cheaper iPhone 5C is just $100 less than the high-end 5S.

Meanwhile, a variety of Android phones boast screens measuring 5 to 6.5 inches diagonally, while the latest iPhones are all 4 inches. (continued...)

1  |  2  |  3  |  Next Page >

 

© 2014 Associated Press/AP Online syndicated under contract with NewsEdge. All rights reserved.

Tell Us What You Think
Comment:

Name:

Vision:

Posted: 2014-01-30 @ 2:09pm PT
Give Apple a break!

History is repeating itself. Replace the iPhone with the Mac and Android with the PC, go back in time 23 years (i.e. when the Mac was 7 years old, and you have a good explanation of what is happening, and what might happen if the media keeps pushing Apple to join the crowd. But Apple's history shows that when it has tried to join the crowd, it has failed.

Apple need not enter the low end market. It need not compete on those oh so much bigger displays that make movie watching or web browsing a pleasure (really?). Instead it need to focus on what it does best:
(a) keep on executing well for the high-end, premium consumer market
(b) come up with the next big thing -- easier said than done

It is easier to innovate in an industry that has not seen change in a while. Tesla is doing it for the automotive industry, but there is still place for Apple's brillant engineering and design talent too.

One day, your iPhone 11 might be the size of a car key fob, need a charge once per week if at all (because it would get charged while you are driving your Apple car)...



 Apple/Mac
1. Samsung: $2.2B Too Much for Apple
2. Google, Rockstar Suit Stays in Calif.
3. Samsung Tech Experts Talk Patents
4. Phones Annoy Patent Trial Judge
5. Apple vs. Samsung: Latest News




 Most Popular Articles
1. Google Glass Finds a Home in Medical Education, Practice
2. HP Rolls Out New Software-Defined Network Products
3. Smartphone Kill Switch Could Save Users $2.6B a Year
4. Avaya Aims To End Network Waiting Game
5. Google Video Shows Off Modular Project Ara Phone

 Related Topics  Latest News & Special Reports

  OnePlus One Boasts Android Weapon
  Samsung Gear Fit Geared for Exercise
  Google Sharpens Contact Lens Vision
  Samsung: $2.2B Too Much for Apple
  Review: Windows Phone Advances

 Technology Marketplace
Business Intelligence
Get real-time, cloud-based information services with Neustar.
 
Cloud Computing
Next Generation Data Center Is Here! Vblock™ Systems from VCE
 
Contact Centers
HP delivers the future of the contact center with HP Qfiniti 10.
 
Data Storage
Next Generation Data Center Is Here! Vblock™ Systems from VCE
Barium Ferrite (BaFe) is the future of tape.
2.5" Enterprise-class SATA & SAS SSDs for server & storage applications
 
Enterprise Hardware
Barium Ferrite (BaFe) is the future of tape.
2.5" Enterprise-class SATA & SAS SSDs for server & storage applications
 
Hardware
Protect your network with APC Smart-UPS battery backup
 
Network Security
Protect your network with APC Smart-UPS battery backup
 

Network Security Spotlight
What Verizon's Data Breach Report Can Teach Enterprises
It’s probably not a jaw-dropper, but cyberespionage is officially on the rise. And the use of stolen or misused credentials is still the leading way the bad guys gain access to corporate information.
 
Top Cyberthreats Exposed by Verizon Report
Beyond Heartbleed, there are cyberthreats vying to take down enterprise networks, corrupt smartphones, and wreak havoc on businesses. Verizon is exposing these threats in a new report.
 
Where Do Web Sites Stand, Post-Heartbleed?
A security firm says the vast majority of Web sites have patched themselves to protect against the Heartbleed bug, but now there are questions raised on the reliability of open-source programs.
 
Navigation
Mobile Tech Today
Home/Top News | Laptops & Tablets | Mobile Phones | Mobile Gadgets | Mobile Apps | BYOD & MDM | iPad
Mobile Industry News | Wireless Connectivity | Wireless Security | GPS & Maps | MTT Press Releases
Also visit these Enterprise Technology Sites
Top Tech News | CIO Today | Mobile Tech Today | Data Storage Today

Services:
FreeNewsFeed | Free Newsletters | XML/RSS Feed

About CIO Today Network | How To Contact Us | Article Reprints | Services for PR Pros (In partnership with NewsFactor) | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 Mobile Tech Today. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.