“Apple Inc. headed lower on Friday on data that showed the global market share of its flagship iPhone fell,” Sue Chang and Saumya Vaishampayan report for MarketWatch.
“Apple shares shed 0.6%. Data from Gartner showed market share for Apple’s iPhones slipped to 12.1% in the third quarter compared with 14.3% in the same quarter a year earlier,” Chang and Vaishampayan report. “Market share for its rival Samsung Electronics Co. was flat at 32.1%. Sales of iPhones jumped 23.2% to 30.3 million unit while Samsung sold 80.4 million units, up 46%.”
Chang and Vaishampayan report, “‘While the arrival of the new iPhones 5s and 5c had a positive impact on overall sales, such impact could have been greater had they not started shipping late in the quarter. While we saw some inventory built up for the iPhone 5c, there was good demand for iPhone 5s with stock out in many markets,’ said Anshul Gupta, principal research analyst at Gartner, in a statement.”
Read more in the full article here.
MacDailyNews Take: Some say it’s possible for knowledgeable investors to profit when the rest of the market misinterprets data.
Stupidity is rampant; use it to your advantage.
[Thanks to MacDailyNews Reader “Jersey_Trader” for the heads up.]
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