Tech Industry ▪ August 26

AAPL: 109.69

5.95
Stock Chart

Coin, the company behind the innovative electronic card that aimed to consolidate your wallet into a single card, has today announced the 2.0 version of its offering. The first iteration of Coin began shipping in April 2015 and anyone who owns the first generation of the product is eligible for a free upgrade to Coin 2.0. Coin 2.0 includes a variety of enhancements, most important of which comes with the addition of NFC.

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IDC today published an updated forecast for worldwide tablet shipments this year, predicting the segment will experience a “notable slowdown” with both iOS and Android expected to record a year over year decline in growth. While IDC notes that the majority of the 212 million tablets it expects to ship this year will be “pure slate tablets”, it does anticipate growth in the 2-in-1 hybrid tablet/laptop category, of which it’s apparently including the larger 12-inch+ iPad that Apple is expected to introduce later this year: expand full story

Tech Industry ▪ August 25

AAPL: 103.74

0.62
Stock Chart

(Photo by Feng Li/Getty Images)

IDC released an updated forecast today lowering its expectations for worldwide smartphone shipments this year with a continuing slowdown in growth in China cited as the biggest contributor to the lower than expected shipments. It also shared some insight into expected growth for Apple in the years to come, predicting Android’s current 81% share of the market by operating system will likely hold strong through 2019 and that a cheaper iPhone 6C model wouldn’t do much to help. expand full story

Tech Industry ▪ August 24

AAPL: 103.12

-2.64
Stock Chart

$AAPL stock has opened below $100 in the first minutes of trading, erasing any gains since October 2014. Apple’s stock officially opened at $95.12 but has corrected slightly upwards since to circa $101. The fall in share price saw Apple’s market capitalization lose about $60 billion dollars in value today. Although any fall in price is bad news for the company, the 7% fall should not be taken at face value.

The whole market is down with losses across the board: the S&P saw a 5% overall fall — the largest one-day drop for four years. Technology stocks are being affected as much as any other sector. Twitter, Alibaba, Tesla and Netflix all saw falls in the double digits.

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