Apple’s iPhone US share from a high of 53.3% in November to 43.5%
Source: Kantar World Panel
In mid-2012 Apple was widely held by all types of funds and retail investors. Besides falling short to very high expectations starting with the June quarter there wound up being few additional buyers of the shares. One small positive is that holdings by funds have decreased so that when (and hopefully not if) Apple announces new products that can move the financial needle and/or beats expectations the shares can meaningfully rally since it is not as widely held.
Another small positive is that Apple continues to gain share in Urban China. Kantar estimates that Apple’s smartphone share has increased from 19.9% in October 2012 (on a three month average) to 25.8% in February. Apple’s higher share has come at the expense of Symbian and Windows.