On Wednesday, Shares of Apple Inc. (NASDAQ:AAPL), lost -0.47% to $122.
Apple Inc has opened a partner company in Vietnam, allowing the maker of iPhones to import and distribute cellphones directly in one of the fastest growing smartphone markets in the Asia-Pacific, according to Reuters.
Apple Vietnam Limited Liability was established on Oct. 28 with a registered capital of 15 billion dong ($672,194), according to a news declaration recorded on Vietnam’s national business registry website seen by Reuters on Thursday.
The Ho Chi Minh City-based firm will conduct wholesale businesses of various products counting its signature smartphones, provide information technology and maintenance services in addition to advising services, the declaration said.
The number of mobile phone subscribers in Vietnam grew 26 percent from 2009 to 2013 to 124 million, while the number of internet users surpassed a third of the country’s 90-million population two years ago, latest official data from the information ministry showed.
Communist Vietnam was Apple Inc’s hottest market after sales there tripled in its fiscal first half of last year, a growth rate five times faster than in India.
Rival Samsung has invested billions of dollars to build smartphone and electronic products plants in the Southeast Asian nation. Reuters Reports
On Wednesday, Apple Inc. (NASDAQ:AAPL), opened at $123.07, and after floating in a range of $121.62 - $123.82, settled at $122.00. Its 52-week range remained constant at $92.00 - $134.54. The stock exchanged hands with 44,886,050 shares as compared to its average daily volume of 59,255,500 shares. Holding an EPS of $9.22 for the trailing twelve months, the stock has reported market capitalization of $680.19B.
Apple Inc. (NASDAQ:AAPL), has the following competitors in the stock market.
HP Inc. (NYSE:HPQ), with market capitalization of $25.43B, and Alphabet Inc. (NASDAQ:GOOG), with market capitalization of $500.74B.
In the trailing twelve months, AAPL earned $233.72B revenue, higher as compared to that of HPQ. The revenue earned by HPQ is $106.05B. However, GOOG earned the revenue of $71.76B.
Following the data above, one can say that AAPL is on the top of its competitors chart in the stock market.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and mid-sized businesses, education, and enterprise and government customers in the Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications. It offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers. The company also provides iLife, a consumer-oriented digital lifestyle software application suite; iWork, an integrated productivity suite that assists users create, present, and publish documents, presentations, and spreadsheets; and other application software, such as Final Cut Pro, Logic Pro X, and FileMaker Pro. In addition, it offers Apple TV that connects to consumers TV and enables them to access digital content directly for streaming high definition video, playing music and games, and viewing photos; Apple Watch, a personal electronic device; and iPod, a line of portable digital music and media players. Further, the company sells Apple-branded and third-party Mac-compatible, and iOS-compatible accessories, such as headphones, displays, storage devices, Beats products, and other connectivity and computing products and supplies. Additionally, it offers iCloud, a cloud service; AppleCare that offers support options for its customers; and Apple Pay, a mobile payment service. The company sells and delivers digital content and applications through the iTunes Store, App Store, iBooks Store, Mac App Store, and Apple Music; and sells its products through its retail and online stores, and direct sales force, in addition to through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. Apple Inc. was founded in 1977 and is headquartered in Cupertino, California.