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Samsung Stealing Apple's Market Share? Nike Likely to Bounce Back

Apple has real risk as of the latest smart phone news, but Nike has no real risk as of the latest news concerning its product - ICYMI

Samsung Electronics Co. Ltd (SSNLF) not only has a new phone out, but it could have even more market share come 2020. 


Apple Inc. (AAPL) - Get Apple Inc. (AAPL) Report is at risk of losing global smart phone market share to Samsung, as Samsung's new foldable phone poses a big threat in the high-end of the market, Dan Ives, analyst at WedBush securities told TheStreet Thursday morning

Apple has lost market share of late, and even though it won't report unit sales anymore (management thinks it's no longer important), further market share losses could spell bad news for Apple's services business. While Apple doesn't need to sell phones in volume as much as it used to, it still needs to see that unit sales growth come back to life. If users don't upgrade -- or buy new phones -- they won't have the tech and software needed to fully use services, which would hurt Apple's services revenue growth. 

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A Duke University basketball player landed on his Nike Inc. (NKE) - Get NIKE, Inc. (NKE) Report shoe awkwardly, causing not only damage to his knee, but complete destruction of the bottom of the shoe. The stock fell 1.46% to $83.61 a share Thursday, but Kevin Curran of RealMoney writes that the stock will likely come back, as there's no real risk that Nike shoes are made poorly. Thursday presented mere headline risk for RealMoney's stock of the day.