Reuters Right Now: Apple feels the sting of competition
Wednesday, January 23, 2013 - 00:40
Jan 23 -Apple's earnings were hit by low margins as it struggles to maintain its dominance with smartphones and tablets, according to Breakingviews' Rob Cyran.
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Apple's earnings are on the market does not like him at all stocks down about 5% that's after the stock's had a horrible month. The reason is that competition starting to bite you can see apple sales or 18% nearing your that's pretty good however earnings were flat. The reason that you normally you know when earnings when its revenue rises earnings -- as well. The reason why earnings are flat is that competition starting to buy Apple's had to introduce a lot of new products over the past year. Promised new products aren't as profitable as the old ones. However apple still doing pretty well one area caches up strongly cash is now about 30% of Apple's market cap. At some point that's gonna provide a cushion for the stock.
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