Boston, MA 02/27/2014 (wallstreetpr) – This has arguably been one of the worst weeks for Apple Inc. (NASDAQ:AAPL) in the market, as it continues to plummet amidst its stock stagnating. This got worse last week after Barclay’s capital downgraded it from an overweight to an equal weight as the company continues to face uncertainties in the market. Apple is being compared to Microsoft as future growth potential for iPhones continue to diminish as the smartphone industry continues to mature amidst increased competition.
Analysts in Wall Street maintain that Apple Inc. (NASDAQ:AAPL)’s share price will continue to remain range bound unless the company decides to invest heavily into the cloud, a space thatis returning fortunes for some companies. Increased competition from fierce rival Samsung, seems to be one of the deterring forces that is Affecting Apple. The launch of Galaxy S5 by Samsung has essentially killed it all for Apple, as it is the talk of the market at the current times.
Apple facing increased competition from Samsung
The Samsung new phone launched in Barcelona is set to go on sale as of April and should hit Apple Inc. (NASDAQ:AAPL) hard in the market in terms of reduced sales for iPhones. The new Samsung flagship phone comes with a fingerprint scanner and a health monitoring apps of which Apple will have to do much better with its new iPhone, if it is to dethrone Samsung in terms of market share.
Apple Inc. (NASDAQ:AAPL) is currently appealing on a case that it lost year, where it was accused of violating antitrust laws by colluding with publishers to increase the prices of its electronic books. Apple is currently seeking to get a new trial with a new judge.
Rumors of Apple acquiring Tesla squashed
The rumor mill was recently a buzz that Apple might be planning to table a bid for the king of electric vehicles Tesla Motors Inc. (NASDAQ:TSLA). Elon Musk, Tesla CEO has squashed the rumors and claimed no company can acquire Tesla at the current moment. The CEO further confirmed, that yes he did meet with Apple head of acquisition Adrian Perica sometimes last year but did not diverge what the meeting was all about.
Despite facing one of its worst weeks in the year, Apple Inc. (NASDAQ:AAPL) continues to be bullish of its financial strengths and continues to be confident on its ability to produce innovative, top notch products
