This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple Has Worms: Tech Weekly

NEW YORK ( TheStreet) -- What would a week in technology be without Apple (AAPL - Get Report) as the lead story? Except this story isn't about a new product or the stock hitting an all-time high, it's about concerns the company's products are getting stale and a drop in share price.

Apple shares have come under pressure for a variety of reasons, as the bears come out of their caves and poke holes in the story. Innovation is lacking. Too many products too soon. The marketing isn't what it was. All this has impacted the stock, and there's also been chatter that Samsung is hurting Apple.

Is Samsung Hurting Apple's Stock?

Samsung's Galaxy S III surpassed the top-selling Apple phone during the third quarter, Strategy Analytics reported this week, selling 18 million units vs. a reported 16.2 million for the iPhone 4S. Apple launched the iPhone 5 in late September and reportedly sold 6 million units prior to the end of the third quarter.

Despite the popularity of the Galaxy S III, consumers are still clamoring for Apple's latest iPhone, the iPhone 5. Supplies are constrained, with Apple's manufacturing partner Foxconn Technology reportedly having problems keeping up with demand.

> > Bull or Bear? Vote in Our Poll

Foxconn Chairman Terry Gou discussed the difficulties of meeting the incredible demand for the iPhone 5 this week. "It's not easy to make the iPhones. We are falling short of meeting the huge demand," he told reporters.

Apple was also in the headlines this week on news it could potentially replace Intel (INTC) as the chip supplier in Mac computers.

Shares of Apple closed the week sharply lower, down 5.2% at $547.06.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $112.12 0.00%
GRPN $3.86 0.00%
FB $93.24 0.00%
GOOG $643.61 0.00%
TSLA $220.69 0.00%


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs