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Apple's iPhone Is Not Falling Behind (The Motley Fool)
One of the key areas pointed out by investors who feel Apple's valuation has become overheated is the iPhone's slowing market share growth rate. According to Gartner, the iPhone market share fell to 16.7% from 17.1% year over year in the third quarter while Android boomed. However, not only is Apple's average selling price 2 - 3x as large as its key rivals, that the lead is expanding. In terms of revenue, some would argue a more important metric than units, Apple still dominates.
Trader Tells CNBC's Fast Money The Nasdaq Is Way Ahead Of Itself (CNBC)
Shares of Apple led the tech rally earlier this year, with the stock hitting record high after record high. But, recently, Apple has lagged broader tech. Trader Steve Cortes of Veracruz is worried. "Together Apple and Google make up 25% of the Nasdaq 100, and together they’re sideways. However the broad Nasdaq is up 7% over the same time and historically that relationship is unsustainable." In other words, either Apple and Google are lagging and will play catch up or the Nasdaq is ahead of itself.
iPad Shipments Estimated To Be As Large As 66 Million For 2011 (DigiTimes)
iPad shipments will be 66.38 million in 2011, based in part on reports from suppliers, or 50% more than most other estimates, according to DigiTimes. A big reason which would make sense to us is that building components for tablets is new and hard and that only Apple has the economies of scale with its suppliers to build great tablets, and so other manufacturers won't be able to compete on price like they do on PCs and smartphones. And there's no denying that the tablet market is red hot. Read more at Business Insider.
Apple And Four Developers Hit With Fraud And Privacy Lawsuit (The Wall Street Journal)
Apple and four app developers (Pandora, Dictionary.com, The Weather Channel and Backflip Studios) have been hit with a lawsuit that alleges violations of computer fraud and privacy laws by allowing ad networks to access users’ personal information. Pascal-Emmanuel Gobry at Business Insider believes the whole thing is bogus.
