Apple’s reputation has taken a severe hit following the release and backlash over their Maps application. Now, things are continuing to fall apart for the computer giant.
Apple stocks hit their lowest price in five months Wedneday when they fell by more than four percent in early trading. The decline can be traced back to supplier Foxconn not fulfilling the demand for the iPhone 5 and investor uncertainty following the shake-up of top employees last week.
Apple has also seen a fall in their tablet market domination, losing 10 percent of their 60 percent share from 2011.
This week, a judge ordered Apple to pay $368 million to the patent firm VirnetX, for infringing on several patents with their FaceTime video chat feature.
Finally, after Samsung lost its lawsuit against Apple, Samsung’s Galaxy S3 still overtook the iPhone 4S as the world’s best-selling smartphone in the third quarter of 2012, say reports released today.
However, following the release of the iPhone 5, Apple is expected to fall back into the number one spot for the fourth quarter.
[Mashable]
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Mollie Paige writes for the Toronto Standard. You can follow her on twitter @MolliePB
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