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Techquity: Apple's Cook apologizes again

Monday, Apr 01, 2013 - 02:38

Apr 1 - Apple's CEO asks for forgiveness from Chinese consumers. Plus how Google continues to pass the company.

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Siri what's Chinese for I'm sorry. First apple CEO Tim -- apologize for the issue -- with its mapping program. Now he's saying sorry for confusion over its warranty policy in China. So this is a letter on Apple's China website written in Chinese and follows more than two weeks of criticism in Chinese media. It explains how the company is revising warranties for its iPhone four and four S in response to complaints. Cook writes that he is aware that some consider Apple's attitude to be arrogant inattentive or even in different consumer feedback. He -- that the company expresses its sincerest apologies for the misunderstanding. Apple -- losing more ground to Google the largest active shareholder in apple is cutting its stake yet again that being the fidelity Contra fund. Manager will get -- has lowered its position by 10% for the first two months of 2013. Still the plan has more than ten million shares of Apple Stock. However the reduction is drop apple in the second place in terms of its share of the fund's net assets. Apple is now just five point 2% of the fund down from 9% less than a year ago goal now top dog at five point 8%. Up from about 4% of June last year. Apple Stock is down about 2% your 433 bucks a share today Google shares are up fractionally on an otherwise down day for the market. Google has also passed apple in another way a big way its android operating system is taking first place in the US Smartphone market. Data from Kandahar world count comptek indicates android's share of US Smartphone sales -- 51%. In the three months ending in February that's up nearly six percentage points from the same three month a year ago. Apple's IOS is down more than 3% and looking down a little bit windows cracking the 4% mark. The numbers are good all around the world for windows but still a distant player moving in the right direction. Italy was particularly strong it topped 13% of sales there -- are attributing the gains to Nokia Lumia 920. Stock in Microsoft is off slightly today. It's time to take a look at a couple of other movers soaring is Forrester Research. The technology research company plans to buyback 130 million dollars of shares for between 32 and 36 bucks apiece the stock is up about 9% today. Sputtering is micron tech the chipmaker says creditors of Japan Japan's help -- Have appealed a Japanese courts plan to micron acquire the bank of chip company stock is down 4%. That's it particularly this Monday remember you can follow us on Twitter at RT artists equity. I'm dumber not the sports.

Techquity: Apple's Cook apologizes again

Monday, Apr 01, 2013 - 02:38

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