Apple's stock price has lost $160 billion in value since April, primarily due to slow iPhone sales, reported RCR Wireless.
The company really needs to explore new markets, such as launching a smartwatch worthy of the Apple name. Otherwise, the views of Wall Street analysts will win out in terms of the firm's stock price, which ultimately has an impact on the resources it has to innovate.
HTC chose Friday the 13th to lay off around 30 employees and contractors at its U.S. facilities, or about 20 percent of its workforce at HTC America, The Verge is reporting.
Apple's stock has been on a downward spiral since mid-September, when the share price topped $700. Since then, the stock's chart has looked like the Superman roller coaster at Six Flags, dropping at a breathtaking rate.
Samsung's shares took a nose dive in Seoul on Friday, dropping 6.2 percent, in response to a J.P. Morgan report that Galaxy S4 shipments in the third quarter would be "disappointing," the Wall Street Journal 's MarketWatch reported.
A number of analysts have lowered their sales forecasts for the BlackBerry Z10 touchscreen smartphone based on delays in launching the smart phone in large markets like the United States.
Samsung is developing a mobile enterprise platform to challenge the BlackBerry Enterprise Server, according to a client note from brokerage firm Detwiler Fenton.
Motorola Mobility, the mobile device unit of Google, dragged down its parent's financial results in the third quarter, prompting an 8 percent decline in stock price.
Microsoft (NASDAQ: MSFT) Chief Executive Steve Ballmer dismissed the idea that the company should break up into individual companies serving the corporate and consumer markets. During Microsoft's