After a whirlwind decade, Apple's sales growth is slowing down. Is the faithful Apple customer getting bored with the company’s technology or possibly, just more desirous of its rivals’ products? It’s three years today that iPad came onto the scene, but since then, the company hasn’t turned in a truly revolutionary new product.
Searches on Yahoo! for Apple products reinforce the idea that customers are losing interest. For instance, searches for the iPad fell 84 percent since last March. Searches for the iPad mini are also down 50 percent since its fall release.
Some analysts are losing interest too. Goldman Sachs joined other analysts in dialing back expectations for the stock. On Tuesday, Goldman took Apple off its list of the most highly recommended stocks. Shares have already tumbled 40 percent since hitting an all-time high of $705 back in late September.
Alex Gauna, an analyst at JMP Securities, says the iPad mini is giving a boost to Apple shares in the near term, while others seem to be of the opinion that the Android wave is overwhelming it. Even with an iPad mini boost, Gauna expects shipments to fall for all of its products since the December quarter.
Samsung is preparing its launch of the Galaxy S4 this quarter. Preorders in Europe have already dwarfed those of the iPhone. Preorders go on sale in the U.S. on April 16. We’ll have to wait and see if Apple fans are true and wait for the next big revolution, or will they jump over the fence and join the competition?
- Technology & Electronics
- Handheld & Connected Devices