Samsung Beats Apple For Market Share in China (AAPL)
In 2012, Tech giant, Apple Inc. (AAPL) was beat out by Samsung for market share in China.
According to a report made by Strategy Analytics, in 2012, Samsung sold the most smartphones in the Chinese market, beating out companies like Nokia, Lenovo and even Apple. Last year, Samsung sold 30.06 million smartphones in China, a 63% increase from the 10.9 million smartphones sold in 2011. Samsung totaled 17.7% of the Chinese smartphone marketshare in 2012.
Lenovo also increased its market share in the country last year to 13.2%, still above Apple’s total smartphone market share of 11%.
Apple has been attempting to make a deal with Chine Mobile (CHL) to begin carrying iOS based phones. Many analysts believe that a lower priced iPhone may help Apple with its market share in China.
Apple shares were down -$2.62, or -0.61% during premarket trading Monday. The stock has declined -21% in the past year.
The Bottom Line
Shares of Apple Inc. (AAPL) have a 2.46% yield, based on Friday’s closing price of $431.72
Apple Inc. (AAPL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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