Projections continue to suggest negative results for Apple, but what is preventing Apple from dominating the market like it used to?
As Apple continues to face growing competition, the company's allure is starting to fade in the eyes of investors and suppliers, according to new report from Reuters. Meanwhile, the once dominant tech giant is losing market share as Samsung and other rivals continue to grow.
The concerns of shareholders apparently range from worries about smaller shipments to criticisms that the company has lost its innovative edge since iconic co-founder Steve Jobs died a year and a half ago.
Asian suppliers have told Reuters that they are trying to become less dependent on Apple as they encountered delays on deadlines from the company.
For the first time since December 2011, Apple’s stock closed last week below $400.
Apple will hold its financial conference call on quarterly results Tuesday afternoon. While Apple is still expected to show growth – estimates of quarterly revenue currently circle $42.77 billion – the projection is that Apple may be moving downward, Dan Moren of MacWorld reports.
"Apple is in some ways a sort of victim of its own success, especially when the term innovation starts being thrown around," says Charles Golvin, a principal analyst at Forrester Research. In other words, Apple, which has introduced multiple revolutionary products in the past, is under fire for not bringing an entirely different product to the market recently – or at least fast enough.