AAPL Financial News Weekly Roundup: Apple Dominates Handset Market, iPad Dominates Tablet Traffic and More
Submitted by Jon Reed on
Apple (NASDAQ: AAPL) once again reached an all time high as its share price closed at $109.01 on Friday. On Thursday this week (November 13), the company will pay out a record quarterly dividend of $0.47 per share. The ex-dividend date was last Thursday (Nov. 6), which means that all shareholders as of that date will receive the dividend payment, regardless of who holds the stock.
A note to investors issued last Tuesday by Canaccord Genuity analyst, Michael Walkley indicated that Apple is dominating the handset market. Analysis shows the Cupertino giant accounts for a whopping 86% industry profits, while chief rival Samsung has dwindled to just 18% (the two account for over 100% because rivals like Motorola and Microsoft lost share).