Apple Inc. (NASDAQ:AAPL) Recovers Pre-Memorial Day Level |
Posted: June 6, 2012 |
Shares of Apple Inc. (NASDAQ:AAPL) started new week on a positive note but mostly traded in red zone afterwards. Later final hour gains supported the stock to close up, recovering pre-memorial day price level, amid a report that Apple is leading the media tablet market in the first quarter of 2012.
ABI Research released a report unveiling that Tablet shipments reached 18.2 million devices in the starting three months of 2012, supported by the release of Apple’s third-generation iPad and popularity of Samsung’s devices. The report was released on Monday with findings that the media tablet market grew 185 percent compared with last year, but recorded a 33 percent fall as compared to the fourth quarter gift-giving season, to hit 18.2 million device shipments.
Apple and Samsung were the top two vendors as both showed sustained power in the midst of strong rivalry from other vendors. Previously 11.8 million iPad shipments were led by its newest iPad introduced earlier in March and its consequent price cut on iPad 2 models. Samsung, meanwhile, return to second spot with 1.1 million shipments after Amazon’s Kindle Fire failed to harvest continued interest from the end of 2011.
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