“Apple (AAPL) rose to a one-year high of $592.95 on Monday after a report from market research firm Kantar Worldpanel Comtech that the tech giant had increased its smartphone market share in several crucial international markets,” Andrew Meola reports for TheStreet.
“Apple’s smartphone market share in five major European markets of the U.K., Italy, Spain, France and Germany ticked upward 0.1% year over year to 19.2%. Growth in Spain was particularly noteworthy, as it increased to 7.6% from 3.1% in the same period last year,” Meola reports. “Apple’s smartphone market share also increased to 33.1% from 31.1% in Australia.”
Meola reports, “Apple’s market share growth in Japan surged year over year to 57.6% from 49%.”
Read more in the full article here.
MacDailyNews Take: That Apple blasted to a 52-week high today on a market share report only shows how pitifully little the average AAPL investor understands the company.
The “logic” of Wall Street: Apple gets rewarded for “achieving” something it isn’t even trying to achieve and ignored or, worse, punished for its actual achievements.
Related article:
Kantar Worldpanel: Apple took smartphone market share in Q1, Windows Phone falters – April 28, 2014