After Apple (NASDAQ:AAPL) resolved its trademark dispute with local firm Proview International, sales of the iPad have surged in China. IDC analyst Dickie Chang declared that the shipments of the Apple tablet rose up to 2.07M in the Q3, representing an about 80% rise over the before quarter’s 1.15 million units.
The analyst reported that the iPad leads the Chinese tablet market by a extensive margin, with Lenovo next at 278,000 units shipped in the Q3, and Samsung is on third position with 143,000 units. In terms of worldwide market share, the iPad has seen a plunge from 60% previous year to around 50% in the Q3 current year as shipments for Google (NASDAQ:GOOG) Android tablets similar to the Amazon (NASDAQ:AMZN) Kindle Fire HD surged.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Dell Inc. (NASDAQ:DELL) lost -7.33%, Microsoft Corporation (NASDAQ:MSFT) edged down -0.52%, Cisco Systems, Inc. (NASDAQ:CSCO) which also increased +0.27% and Intel Corporation (NASDAQ:INTC) closed up +0.80%.
Apple Inc. (NASDAQ:AAPL) stock’s trade at beginning with a price of $525.20 and throughout the trading session climbed at a high of $530.00 other than when day-trade ended the stock finally advanced 0.39% to $527.68.
The stock is going forward its 52 week low with 46.53% and lagging behind from its 52 week high price with -24.82%. AAPL last month stock price volatility remained 3.01%.
AAPL stock institutional ownership remained 67.03% while insider ownership included 0.02%. In its share capital AAPL has 940.69 million outstanding shares among them 940.15 million shares have been floated in market exchange.
Company’s beta coefficient included 1.23. Beta factors measures the amount of market risk associated with market trade.