Editor’s Note: Related tickers: Apple Inc. (NASDAQ:AAPL), FAR EASTONE TELECOM (OTCMKTS:FETLF)
Apple Inc. (NASDAQ:AAPL) stock’s decline (WallStreetPR)
The share prices of Apple Inc. (NASDAQ:AAPL) had declined by 0.05 percent to close at $431.77 per share for the end of last trading session on Tuesday. The shares of the company had been trading in the range of $430.21 to $434.90 per share during the day, after opening at $431.56 per share on Tuesday. The shares of Apple Inc. (NASDAQ:AAPL) had recorded 52 week low price level at $385.10 per share and 52 week high price level at $705.07 per share. The world’s greatest growth stock is recently declining in share prices primarily owing to the reason that the stock is nearing its maturity. This decline in prices is in a way positive that the investors could now grab the shares of Apple Inc. (NASDAQ:AAPL) at much discounted prices.
Huawei takes on Samsung, Apple with world’s slimmest smartphone (LiveMint)
Huawei Technologies Co., China’s largest maker of telecommunications equipment, said it unveiled the world’s slimmest smartphone as it looks to gain share from market leaders Samsung Electronics Co. and Apple Inc. (NASDAQ:AAPL). Huawei’s new Ascend P6, with a depth of 0.24 inch (6.18 millimeters), will be released in China this month and in western Europe in July, the company said in a statement on Tuesday. That’s at least 19% slimmer than either an iPhone 5 or a Galaxy S4, according to dimensions supplied on the official Websites of Apple and Samsung.
Apple Inc. (AAPL) Announces Expandability Plans on Mac Pro, Company Increases the Volume of Mac Pro Desktop Workstation (IBTimes)
Apple Inc. (NASDAQ:AAPL) announced its plans on increasing expandability of Mac Pro. This will enhance the professional work desktop station by 1/8th of its predecessor. The company is gearing up on boosting the product selection by providing incredible internal expansion space. People can expect a lot from the 2013 Mac Pro. The new Mac Pro remains a big mystery as Apple is still keeping the full details about its system. Apple Inc. (NASDAQ:AAPL) is not letting so much out even the type of Xeon processors the new desktop pro will be running on. Other detail there is much speculation about is the type of dual AMD FirePro GPU and pricing of the newest device.
Why multinational companies should stick out Indian markets (LiveMint)
Asked late last year about the market for Apple Inc. (NASDAQ:AAPL) products in India, chief executive officer Tim Cook more or less wrote off the huge country. He blamed a multilayer distribution structure for making it too hard to reach consumers beyond elites in cities such as Mumbai and Bangalore. Apple would look elsewhere for growth: In the intermediate term there will be larger opportunities outside there, Cook said. Today, India—with a middle class the size of the US population—accounts for less than 1% of Apple’s global sales. By contrast, Samsung Electronics Co. Ltd saw plenty of opportunity in the subcontinent. The Korean company invested massively in its brand and distribution in India.
L.A. school board OKs $30 million for Apple iPads (LATimes)
Apple Inc. (NASDAQ:AAPL) won a $30-million contract Tuesday from the L.A. Unified School District, paving the way for the company to provide every student with an iPad in the nation’s second-largest school system. The Board of Education voted 6 to 0 on Tuesday to approve the contract after hearing senior staff laud Apple’s product as both the best in quality and the least expensive option that met the district’s specifications. Tuesday’s vote authorized an iPad rollout at 47 campuses. However, by choosing Apple Inc. (NASDAQ:AAPL) as the sole vendor, the district also made a de facto commitment to spend hundreds of millions of dollars with the Cupertino, Calif.-based digital giant over the next two years.
Apple tax dodging highlights need for reform (Hazard-Herald)
Talk about taking your business to “the Cloud.” In an ingenious effort to avoid billions of dollars in taxes, Apple Inc. (NASDAQ:AAPL), has been levitating subsidiaries between American and Irish soil, claiming that from a tax-law perspective, they exist in neither country and so are subject to neither country’s taxing authority. And, sadly, the scheme has worked: no taxes have been paid to the U.S., a relatively paltry sum was paid to Ireland. Though this was Apple Inc. (NASDAQ:AAPL)’s most audacious tax-dodging scheme, it wasn’t the only one. Congressional investigators recently found that Apple had avoided paying virtually any taxes on $74 billion in offshore profits over the past four years. That’s a big loss of revenue needed to hire teachers, build roads or pay down debt.
Can Apple Dominate Taiwan’s Growing Tablet Market? (Nasdaq)
The Taiwanese tablet market is set to grow exponentially this year, nearly doubling the hardware sales of 2012. Executive VP and Chief Sales and Marketing Officer Maxwell Cheng of FAR EASTONE TELECOM (OTCMKTS:FETLF), told DigiTimes that 70 to 80 percent of those tablets will fall within the seven-inch range. Cheng’s firm alone hopes to sell roughly 300,000 units this year. While two million may not sound like much for a full-year sales goal (one American tech giant sold three million tablets in just one weekend), the Taiwanese market is just beginning to rise. Apple Inc. (NASDAQ:AAPL), which has been breaking sales records since the day the first iPad was released, has an opportunity to take control of this emerging market before it peaks.
