Unlike the crowds that the iPhone 5 debut drew in many cities around the world since September, just one person was waiting at the Apple store in Shanghai’s financial district when its doors opened at 9 a.m. This year saw a surge in sales of Inc’s cheaper Kindle Fire and Microsoft Corp’s first foray into the tablet market with its Surface. Apple’s latest iPhone, sporting a larger 4-inch screen and 4G capability, was launched in the United States and 30 other countries in September, when the company sold more than 5 million of the devices in the first three days.Īpple’s shares, however - once among the most desirable of portfolio holdings - have headed steadily lower since September on growing uncertainty about the company’s ability to fend off unprecedented competition.
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