How does AAPL's performance compare to its competitors in the tech sector?
7/23/2024 07:02pm
**Apple's performance is mixed when compared to its competitors in the tech sector.**
1. **Revenue and Market Share**:
- **Apple**: Apple's revenue is significant, ranking it third on the Fortune 500 list, but its global market share in personal computers and smartphones is 8.6% and 14%, respectively.
- **Competitors**:
- Lenovo holds a larger market share in personal computers at 23.7%, with HP and Dell following at 20.9% and 18.1%, respectively.
- Samsung has a larger global smartphone market share at 20%, with Xiaomi, Vivo, and OPPO also occupying significant positions.
2. **Stock Performance**:
- **Apple**: Apple's stock (AAPL) has seen a positive interval percentage change of 6.81% over the past month.
- **Competitors**:
- Alphabet (GOOG) has experienced a 3.17% increase in its stock value.
- Microsoft (MSFT) has seen a slight decrease of -0.62% in its stock value.
- IBM (IBM) and Salesforce (CRM) have shown increases of 5.88% and 5.08%, respectively.
|Ticker|Name|Interval Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|AAPL.O|Apple|6.810377718428081|20240621-20240722|AAPL|185|
|Ticker|Name|Interval Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|GOOG.O|Alphabet C|3.1737099769286967|20240621-20240722|GOOG|185|
|Ticker|Name|Interval Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|MSFT.O|Microsoft|-0.6192506170069534|20240621-20240722|MSFT|185|
|Ticker|Name|Interval Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|IBM.N|IBM|5.882014719411234|20240621-20240722|IBM|169|
|Ticker|Name|Interval Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|CRM.N|Salesforce|5.078577336641852|20240621-20240722|CRM|169|
3. **Market Sentiment and Analyst Ratings**:
- **Apple**: The consensus rating for AAPL is a "Strong Buy" with an average price target of $225.23, indicating positive analyst sentiment.
- **Competitors**: Analysts have provided mixed ratings for competitors like Microsoft (MSFT) and Salesforce (CRM), with MSFT having a "Buy" rating and CRM a "Strong Buy" rating.
4. **Innovation and Productivity**:
- **Apple**: Apple has a history of innovative products, but its growth rate may be slowing down.
- **Competitors**: Competitors like Samsung are integrating AI into their devices, which could drive future growth.
In summary, while Apple maintains a strong brand and financial position, it faces significant competition in terms of market share and stock performance. The company's AI initiatives and product innovation are crucial for maintaining its competitive edge.