tl;dr
Apple (NASDAQ:AAPL) retained the top spot in the tablet market, despite a 29.3% decline in shipments to 14.9 million units in the fourth quarter, according to preliminary results by the International Data Corporation. The tablet market saw a decline of 17.4% to 36.8 million units in the fourth quart...
Apple (NASDAQ:AAPL) retained the top spot in the tablet market, despite a 29.3% decline in shipments to 14.9 million units in the fourth quarter, according to preliminary results by the International Data Corporation. The tablet market saw a decline of 17.4% to 36.8 million units in the fourth quarter, the largest decline in fourth-quarter tablet shipments since 2016. Worldwide tablet shipments for the full year of 2023 sunk 20.5% to 128.5 million units, marking the lowest annual volume since 2011. This downturn can be attributed to no significant improvements in the economy and consumers allocating their money to things beyond consumer electronics, as noted by Anuroopa Nataraj, senior research analyst with IDC's Mobility and Consumer Device Trackers.
As for the future outlook, Apple plans to update all four of its iPad models next year, bringing some relief to the segment. Expectations for new models and anticipated updates to Apple’s iPad portfolio are seen to provide a boost to the tablet refresh opportunity, according to analysts at Canalys. However, there is an innovation gap between tablets and other personal computing devices, which is something that key tablet vendors should pay attention to, as on-device AI integration in tablets lags behind those in PCs and smartphones, as highlighted by Kieren Jessop, an analyst at Canalys.
More about Apple Inc
Apple Inc. is the world's largest technology company by revenue, totaling $274.5 billion in 2020, and the most valuable company since January 2021. As of 2021, it is the fourth-largest PC vendor by unit sales and smartphone manufacturer. With a market capitalization of $2.87 trillion, Apple's stock performance has been strong, with a current stock price of $200.27 and a 0.16% increase. The company's market sentiment remains positive, with a bullish trend indicated by a Relative Strength Index (RSI) of 24.65 and a breakout from previous resistance levels. However, it is important to note the potential risks and uncertainties associated with investing in the stock market, as past performance is not always indicative of future results.
More about Amazon.com Inc
Amazon.com, Inc. is a leading multinational technology company in the retail-catalog and mail-order industry, with a market capitalization of $1.78 trillion. The stock is currently trading at $183.67, with a 52-week low of $55.78 and a 52-week high of $183.67. The stock has experienced a 2.9% increase, indicating a bullish trend. However, it is important to note that past performance is not always indicative of future results. The company's strong focus on e-commerce, cloud computing, digital streaming, and artificial intelligence has positioned it as one of the most influential economic and cultural forces in the world. While the company is considered one of the most valuable brands globally, it is important to consider potential risks and uncertainties associated with its market performance.
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