Apple
Stock enjoyed its biggest one-day rise since May on Thursday, following a brief dip as
Investors speculated on the company's prospects in the run-up to its Q3
Earnings call and the release of the
iPhone 7 later this year.
Shares closed at $98.78, almost hitting their previous
High since
Apple reported its fiscal Q2 earnings, when the company's
Stock fell below $100. Shares remain down 26% from its own record
High close of $133 set on February 23, 2015.
Stock was down on Wednesday after consumer research firm
Kantar Worldpanel released data showing that Samsung is outselling
Apple in U.S. smartphone sales.
In the three months ending in May, Samsung accounted for 37% of all U.S. smartphone sales, with
Apple at 29%. However, a closer look at the figures showed Samsung's Galaxy S7 ****** accounted for 16% of sales in the same period, while the iPhone 6S ****** accounted for 14.6%, suggesting a much closer battle when it comes to flagship devices.
Outside the U.S., Kantar data revealed that Apple's iPhone 6s and 5s were the top two best-selling phones in the U.K., followed by the Samsung Galaxy J5 and the
iPhone SE.
In Q2 2016,
Apple saw its first year-over-year revenue decline since 2003 along with its first ever drop in iPhone sales, and that downward trend is expected to continue into the third quarter of the year.
The company's
Earnings an**uncement for the third fiscal quarter (second calendar quarter) of 2016 will take place on Tuesday, July 26.
Last week, industry research
revealed that Mac sales experienced a slight year-over-year decline in the second quarter, dropping to 4.4 million from 4.8 million during the year-ago period.
Apple fell behind ASUS to finish as the fifth-largest PC vendor by shipments worldwide.
Apple has **t updated the
MacBook Pro in over 400 days, with a refresh for its entire MacBook Pro line-up expected in the fourth quarter. The company is expected to unveil its new iPhones in the fall.
Related Roundups:
MacBook Pro,
iPhone 7
Tag:
Kantar Worldpanel
Buyer's Guide:
Retina MacBook Pro (Don't Buy)
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