Does Apple have a price problem?
With consumers choosing cheaper iPhone models, Apple may face a struggle in getting customers to pay up.
While Apple's (AAPL) iPhone is still the most popular smartphone with U.S. consumers, it appears many customers are opting for less expensive models.
Verizon on Tuesday said that more than half of the iPhones it sold in the fourth quarter were older models, which sell for much less than Apple's iPhone 5. After reporting quarterly results that disappointed investors, Apple shares took a tumble this week.
While supply constraints were one issue, discounts on Apple's iPhone 4 models were also likely a culprit, reported CNN.com.
One Verizon dealer told the Wall Street Journal that his customers leaned toward the iPhone 4 and iPhone 4S, because they didn't see a reason for paying up for the iPhone 5. There was also tougher competition from Android phones, and new phones from Nokia (NOK), the dealer, Dane Scism, said.
Apple may be losing some of its shine with consumers, too. The company slid from a list of U.S.' hottest 10 brands, as ranked by market research firm YouGov BrandIndex, which questions thousands of consumers each day. In 2011, Apple was ranked 10th.
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The problem is they don`t split the stock.Millions would buy if they split
the stock 6 to 1.
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 added just over a point, holding its weekly gain at 1.0% while the Nasdaq lost 0.4%.
The major averages began the day on an upbeat note, but relinquished their opening gains during the first 90 minutes of action. The early sentiment was boosted by a better-than-expected nonfarm payrolls report for February (175K versus Briefing.com consensus 163K), but a closer look into the report suggested that ... More
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The solid report comes a month after the retailer closed all of its Canadian operations.
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