A Foolish Take: Worldwide Tablet Sales Continue Falling
The global tablet market has contracted annually for 10 straight quarters, according to IDC. Total shipments fell 8.5% year over year to 36.2 million units during the first quarter, due to long upgrade cycles and the rise of phablets and convertible laptops. Five companies lead the global tablet market: Apple (NASDAQ: AAPL), Samsung, Huawei, Amazon (NASDAQ: AMZN), and Lenovo.
Data source: IDC. Chart by author.
The only company to post growth during the quarter was Huawei, which grew its shipments by nearly 32%. IDC attributes that growth to a strategic shift from Android slate tablets toward Windows devices with detachable keyboards.
Source: Fool.com
Apple Inc. Stock
€175.18
0.470%
Our community is currently high on Apple Inc. with 79 Buy predictions and 6 Sell predictions.
As a result the target price of 200 € shows a slightly positive potential of 14.17% compared to the current price of 175.18 € for Apple Inc..
