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Apple Inc. (Apple) designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, and sells a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its...Read more
Citi is jumping on the bandwagon in initiating coverage of Apple with a 'buy' rating, though its timing is good after the recent share price correction. Competitive pressures are mounting in the smartphone market but Citi thinks the market is underestimating how well tablet devices will sell.
The new, smaller iPad is positioned between the iPhone and the larger iPad and aimed directly at competition from Amazon's Kindle Fire and Google's Nexus tablets.
Shares in Apple closed at record levels yesterday after the tech superpower revealed it had been inundated with orders for the new iPhone 5.
Tech giant Apple saw sales fall short of expectations as demand for the iPhone fell ahead of the release of its next model.
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It is evidently not all tweetness and light at the micro-blogging site as its first earnings announcement as a publicly quoted company revealed a slow-down in the growth rate of the average number of monthly users.
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