Apple's Phones Are Not the Most Popular
Apple's phones are, by no means, could be named as leaders in terms of market share. According to James Boyd, Apple's market share in the smartphone segment is 14%, significantly inferior to competitors, such as Huawei and Samsung. Both companies have 20% of market share.
Despite this, it is Apple that is the only technology company with a market capitalization of over $ 2 trillion. Apple is now the 4th largest stock market in terms of total market capitalization.
Apple's Presentation Didn't Lead to the Stock Price Growth
Apple held a new product launch last week. The main sensation, of course, was the presentation of the iPhone 12, the world's first 5G smartphone. Even though analysts placed high stakes on the company's new iPhone in a long run, the presentation itself did not generate much interest among investors in the market. Before the presentation, the company's shares rose by 6%, but after it, they fell to their previous price within a couple of days. At the moment, the decline continues.