Apple’s blockbuster revenue growth is slowing drastically, as iPhone sales plateau and the company finds itself lacking revolutionary new products.
Apple’s stock slipped below $500 for the first time in 11 months on Monday as investors reacted to reports signaling the company’s latest iPhone is falling further behind a slew of sleek alternatives running Google’s Android software.
Apple shares were down 4 percent in morning trading, putting them below the $500 mark for the first time since February.
Apple is reporting sales of more than two million iPhone 5s in China during its first three days on the market.
As the end of year nears it is time to take a moment to look back to see what made the top of the best of lists for 2012. Other than the presidential election there have been many other battles this year to score a number one spot in the United States. Companies, writers, public relation experts and cities have all been vying for the golden top spot.
The world’s most popular online mapping system returned late Wednesday with the release of the Google Maps’ iPhone app.
More than two months after Apple’s CEO apologized for errors in its Maps service, Australian police say the app is “potentially life threatening” because of the bad directions it has given to the southern city of Mildura.
A labor watch group says thousands of workers at a Chinese factory that makes Apple’s iPhones have gone on strike over increased quality control demands and having to work during an extended national holiday.
KCBS Technology Analyst Larry Magid said Apple has high standards to live up to regarding each new product launch.
Some iPhone 5 users are getting hit with bigger bills for cellular network data usage when they think they are on a WiFi network.