By Julianne Pepitone @julpepitone September 3, 2013: 2:29 PM ET Apple's iPhone sales from its 2007 launch to the most recent quarter
NEW YORK (CNNMoney)
The iPhone and iPad make up more than two-thirds of Apple's overall sales. But the once-skyrocketing demand for both devices has begun to stall, and Apple needs to find new ways to stay on top.
Apple's next chance will come September 10, when the company is all but confirmed to be launching a new iPhone. Reports are split on whether a refreshed iPad is also on tap.
Apple (AAPL, Fortune 500) is by no means in a dire situation with its mobile devices: Except for a few bumps along the way, sales for both the iPhone and iPad have mostly been rising. But Google's (GOOG, Fortune 500) Android is growing at a much faster clip, and nothing Apple has done recently has been able to reverse the trend.
Losing market share: The iPhone's share of the smartphone market peaked at nearly 24% in the holiday quarter of 2011, according to research firm Gartner. But Apple's share dropped to 21% the next holiday season, and again to 14% last quarter. Android dominates the market with a 79% share.
Meanwhile, the iPad is losing its grip on the market even more quickly. Data from tech consultancy IDC shows the iPad scored more than 76% of the market when it debuted in 2010, but its share plummeted to 33% last quarter. During the same period, Android tablets nearly tripled their share from 23% to 63%.
Part of the problem is that Apple hasn't launched a new smartphone or tablet in about a year, while rivals release new devices far more frequently.
But there are other reasons for Apple's weakening grip on the mobile device market. An oft-cited issue: Apple has an innovation problem.
Related story: China is Apple's land of iPhone opportunity
"[The iPhone and iPad] were revolutionary when they first came out, but [rivals'] products that are out there now are about as close to Apple's devices as they've ever been, " said Scott Kessler, equity analyst at S&P Capital IQ. "The question is whether Apple is going to introduce products that are different enough from their competitors."
But Apple's problems are more entrenched than that.
Apple is also struggling to entice new customers in developing markets, where its competitors are thriving. Plus, rivals like Google and Microsoft (MSFT, Fortune 500) have been busy creating compelling link-ups between their devices and services, and those combinations are luring customers away.
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The run on the banks has started in China!2008-09-24 15:09:57 by MasterOFDisaster
Withdrawals hit Bank of East Asia
The Bank of East Asia has denied rumours that it is in financial trouble, after thousands of customers queued to withdraw their savings.
After weeks of global market turmoil, lines of people quickly formed outside the bank's branches in Hong Kong.
In a statement, the bank said the rumours were malicious and untruthful, and they had informed the police.
The speculation was believed to have been spread by mobile phone, and drove the bank's share price down by 11%.
The rumours started earlier this week and customers descended on branches on Wednesday, despite bank staff handing out leaflets to...
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Apple ( AAPL) Prepares to Ship iPhones to China Mobile (CHL)
Apple's sales in Greater China fell 14 percent in its most recent quarter to $4.6 billion, while its China mobile market share is sitting at 5 percent, putting Apple in seventh-place behind leader Samsung. Apple ended Friday's session up 0.6 percent.
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