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[January 16, 2013]
Rivals take bite out of Apple ; NEWSbriefs [Herald, The (Plymouth, England)]
(Herald, The (Plymouth, England) Via Acquire Media NewsEdge) APPLE's reign over the smartphone market faces an uncertain future as rivals are catching up with the technology giant, according to industry experts.
The firm's share price has slipped below 500 US dollars for the first time in 11 months as investors reacted to reports suggesting its latest iPhone is falling further behind alternatives running Google's Android software.
The slump comes as electronics giant Samsung reported that global sales of its Galaxy S smartphone series have passed 100 million since the first model was launched less than three years ago. It reached the milestone faster than its competitor - it took about four years for Apple to sell more than 100 million iPhones.
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