Shares of Apple Inc. slid almost 4 percent Wednesday to a
five-month low, outpacing the U.S. stock market's post-U.S. election losses,
and slipping into bearish territory, the Chicago Trib tells us. Stock
in the world's most valuable technology company has dropped more than 20
percent from a record high in September, entering what the market recognizes as
bearish ground. It hit $558.38
Wednesday, before trading down 3.5 percent at $559.74 around midday.
While Apple shares have appreciated 38 percent so far this
year, the company faces unprecedented competition during the crucial holiday
season as rivals such as Microsoft, Samsung Electronics, Google and Amazon.com
Inc challenge its dominance in smartphones and tablets.
The company saw its market share slide to 50 percent in the
key tablet arena, while arch-foe Samsung more than doubled its share to 18.4
percent, according to research firm IDC…..
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