Apple Stock Breaks $300

By Cindy Waxer October 13, 2010

Apple’s share price reached an all-time high, hitting the $301.96 mark, in morning trading on the Nasdaq. Apple’s shares have climbed more than 20 percent since the beginning of September.

Fuelling such growth is a number of factors including Apple’s announcement of a Mac-themed press event next Wednesday to showcase its new lineup of personal computers and offer attendees a sneak peek at the next version of its Mac operating system. Another contributing factor: shoppers can now place orders for an Apple iPad on Wal-Mart’s website. And the nationwide chain is gearing up to start selling the iPad in its bricks-and-mortar locations this Friday.

What’s more, although originally developed as a consumer product, the iPhone is fast finding its way into the hands of time-strapped CEOs and harried employees. UBS AG, Switzerland’s biggest bank, is considering allowing its staff to use iPhones for company messaging. And mutual funds provider Vanguard Group Inc. is also testing the iPhone with a handful of its employees.

Yet despite a strong stock price and a smattering of deals, Apple still faces stiff competition. A new survey from Nielsen reveals that Google’s Android is now the most popular operating system among people who bought a smartphone in the past six months, while Blackberry RIM and Apple iOS are in a statistical dead heat for second place among recent acquirers.

In fact, an astonishing 32 percent of the market was held by Android, followed by 26 percent for the BlackBerry, and 25 percent for the iPhone. The other 17 percent went to other phones and operating systems. The figures for August show a surge in Android sales, compared to July when it held 28 percent of the market. Growth between April and July was minimal, only a percent or two. However, January to April growth was staggering, increasing from 14 percent to 26 percent due to the launch of a wide range of new Android phones. All of which should give Apple a good run for its money.




Edited by Erin Harrison

TechZone360 Contributing Editor

SHARE THIS ARTICLE
Related Articles

Modern Moms Shaping Influence

By: Maurice Nagle    7/19/2018

Everyone knows Mom knows best. The internet is enabling a new era in sharing, and sparking a more enlightened, communal shopping experience. Mommy blo…

Read More

Why People Don't Update Their Computers

By: Special Guest    7/13/2018

When the WannaCry ransomware attacked companies all over the world in 2017, experts soon realized it was meant to be stopped by regular updating. Even…

Read More

More Intelligence About The New Intelligence

By: Rich Tehrani    7/9/2018

TMC recently announced the launch of three new artificial intelligence events under the banner of The New Intelligence. I recently spoke with TMC's Ex…

Read More

Technology, Innovation, and Compliance: How Businesses Approach the Digital Age

By: Special Guest    6/29/2018

Organizations must align internally to achieve effective innovation. Companies should consider creating cross-functional teams or, at a minimum, incre…

Read More

Contribute Your Brain Power to The New Intelligence

By: Paula Bernier    6/28/2018

The three events that are part of The New Intelligence are all about how businesses and service providers, and their customers, can benefit from artif…

Read More