This initiative that aligns with the nation's continuation of 'Year of Sustainability', was supported by the parents of the kindergarteners
Apple shares closed up 2.84 percent at $467.36. The Dow Jones news website AllThingsD reported Sunday that Apple scheduled an event next month where it will announce its newest iPhone in an effort to regain ground lost to Samsung and other smart-phone makers.
Speculation has centered around whether Apple will shift its strategy to include a lower-cost handset to appeal to more consumers, especially in emerging markets.
Trip Chowdhry, analyst at Global Equities Research, said Apple appeared to be preparing “to declare thermo-nuclear war on Android,” referring to the Google mobile operating system which has become dominant in the smart-phone market.
Chowdhry said the launch “may be massively successful and probably one of the most successful launches.”
“If Apple launches a cheaper iPhone, Apple will immediately gain market share against Android, as in many parts of the world, consumers are not well informed and are buying Android phones thinking that they are buying a cheaper iPhone,” he said in a note to clients.
A recent IDC survey showed Apple’s share of the global smart-phone market slipped to 13.2 percent in the second quarter, from 16.6 percent a year ago, while Android’s share rose to 79.3 percent.
This initiative that aligns with the nation's continuation of 'Year of Sustainability', was supported by the parents of the kindergarteners
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