Despite the hugely successful launch of the iPhone 5 and iPad mini tablet, shares of Apple have slid some 20 percent from all-time highs.
NEW YORK: Apple, the world’s biggest and perhaps most admired company, seems to have lost some of its luster.
Despite the hugely successful launch of the iPhone 5 and iPad mini tablet, shares in the California tech giant have slid some 20 percent from all-time highs, and analysts are questioning whether Apple remains the leader in “innovation.”
A flubbed mobile maps programme and a major shakeup in key management have also tarnished the image of the firm that had seemed nearly invincible just months earlier.
A more competitive landscape for mobile phones and tablets, including the surge in devices using the Google Android operating system, have also changed the outlook for Apple.
Last month, Apple parted ways with Scott Forstall, the executive in charge of mobile software, following embarrassments over its glitch-ridden maps programme, as well as John Browett, who headed Apple’s real-world shops.