Weaker-than-expected holiday sales of Apple's iPhone reinforced fears that it is losing its dominance in smartphones, driving its shares down 9 percent in premarket trading and drawing another round of stock price target cuts.
There's no dying that Apple, the world's most valuable company, is suddenly in a rut. Here's the evidence of the tech giant's recent troubles.
Apple can no longer be counted on to beat Wall Street's profit targets. The world's most valuable tech company posted mixed quarterly results after Thursday's market close. Though net sales soared 27%, this marked the third miss in the five quarters that CEO Tim Cook has been at the helm.
Amazon sold just 750,000 Kindle Fire tablets during the first three months of 2012, well off its fourth quarter mark. Apple sold 11.8 million iPads. And the future looks even more grim for the Fire.
There's always plenty to chew on in an Apple earnings report, but here are the seven numbers that investors should keep in mind as they assess the tech rock star's blowout quarter.
Despite no new iPhone, Apple continues to post record-shattering numbers.
Verizon Wireless will start selling Apple's iPad on Oct. 28, two weeks after competitor AT&T kicks off its iPad sales. This is welcome news for many Verizon customers, although some of the might be wondering -- where's the iPhone?
A Wall Street analyst is projecting Apple's iPad sales to reach 28 million in 2011, with low-end notebook computer sales suffering as a result.
