Problems at Apple still continuing

The maker of the famous iPhone and other consumer products, Apple is still making headlines, but not for good reason. Its shares are dropping and news of cutting production of its signature iPhones, iPad and others are abundant. It is not limited to just Apple, its key suppliers such as audio supplier Cirrus Logic are also feeling the pinch. Many Wall Street analysts are predicting that, going forward, Apple sales will slow down. Meanwhile its biggest competitors including Samsung Electronics and Google are gaining market share at Apple’s expense. Apple is no longer the world’s biggest company that honor now belongs to ExxonMobil.

Going forward, Apple will have to come up with new products to gain market share and go back to its glorious days. Apple TV has been much talked about but the company is neither denying nor confirm rumors. Newspapers and the Internet were also full of news that Apple coming up with a new wrist watch that provides some of the features contained in smartphones. It has $137 billion in cash. But make no mistake. Apple is still one of the best innovators of modern history and it could surprise the whole world once more.