Apple Inc. (NASDAQ:AAPL) reaches a major milestone in the U.S., marks biggest market share ever
Apple Inc. (NASDAQ:AAPL) has marked a new milestone in the U.S. with its biggest market share ever, according to data released today from Kantar Worldpanel ComTech. Apple (AAPL) recorded 53.3 percent U.S. smartphone share over the 12 weeks ending November 25, partly due to strong sales of the iPhone 5, according to the research firm. That tally was up as compared to 35.8 percent a year prior and it still has a room to grow.
The company scored a big victory in the United States by passing the 50 percent share mark for the first time, with more growth projected to be made during December, according to Dominic Sunnebo, Kantar’s global consumer insight director. For the same period, Android’s U.S. market share faced a fall to 41.9 percent as compared to 52.9 percent a year prior.
Shares of Apple traded down -0.87% during trading yesterday, hitting $530.20 on NASDAQ, whose benchmark S&P 500 added 7.88 points to 1,443.69 points. The latest closing price is 25.67% off the 52-week high of $705.07 and +35.92% above the 52-week low of $392.01. At that price, shares moved down -9.49% from the 50-day simple moving average and down -12.68% than 200-day average.
How a stock moves along with the market depends on its volatility and for this stock, the volatility of 2.56% was seen in a week and for the month was 2.68%. The majority of analysts covering AAPL stock believe it will struggle to hit $754.02.
A total of 17.20 million shares changed hands with price floating in a range of $518.88 – $530.20. However, its 30-day average volume stands at 24.02 million shares. The year-to-date (YTD) performance reflected a 29.96% gain above last year. During the past month the stock dropped -6.99%, bringing three-month performance to -25.35% and six-month performance to -10.14%.
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