Apple shares are falling in Wednesday trading in spite of recording increase of sales. Dips down to $398.11 and ends in $402.80.
The issue started when Cirrus Logic, an Apple supplier that makes the sound parts for the iPads and iPhones, reported a drop in sales. 90% of Cirrus Logic’s revenue accounts from Apple, according to reports.
With the Cuppertino, California-based company expected to released their quarterly results, some worries that it might not be surprising anymore.
Pressure on the company
Apple has been celebrating for their great success in . . . → Read More: Apple Shares Dropped and Sales Could Slow Down
As wearable gadgets starting to build in the market, technology companies are also developing their own computing products to compete and hope to get a share in the market.
Microsoft is one of the companies that is currently reported to be working with a touch-enabled smartwatch device. According to the suppliers, they are going to compete against Apple Inc. which is already rumored to have been further developing their iWatch.
Microsoft have already requested components for their smartwatch in some suppliers in Asia. One executive from the suppliers said they already had a meeting . . . → Read More: Microsoft Ordered Components for Potential Smartwatch Device
On Monday, Motorola Mobility LLC has started announcing to its staff that it will close most of its operations in South Korea. This area has been a very difficult market to penetrate since the company is a non-Korean cellphone maker.
Now that the company is a unit of Google Inc., Motorola Mobility will close its research and development, as well as its cellphone sales in the said country. However, they announced that the company will still continue to market telecom equipment and will remain offering its customer support.
According to a technology research firm Gartner, Motorola Mobility gotten a share . . . → Read More: Motorola to close operations in South Korea
LG Electronics, one of the smartphone makers, has ceased its operation of producing Windows Phone Units for now and will focus more on phones running on Android, based on the reports.
Reported by Korea Herald on Monday, the South-Korea based company will back off from producing phones on Windows platform but still have plans to continue the studies and developments on the Microsoft OS, did not indicate though if this is because of the increasing demand on Android based phones or not.
Optimus 7, as well as other handsets are based on Windows Phone 7.
LG has mentioned that phones . . . → Read More: LG Halts Production of Windows Phone to Focus on Android Phones
The manufacturer of the Blackberry PlayBook postponed an update for the tablet pc’s os until the coming year.
RIM stated it is expecting to produce the update in February.
Research In Motion has confessed that the income of the unit are less than it expected. It recognized consumers wish native email, and contact apps.
The expected update targets to provide these features.
The company’s blog explained the decision as “difficult”, however guaranteed the modification allows the company’s mobile phones and tablet pc’s to interact much better.
Research in Motion stocks dropped about 6% according to the news.
On . . . → Read More: Blackberry Playbook OS Update is Delayed