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Technology Stocks : Apple Inc.

AAPL 277.47

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From: Moonray	1/9/2013 8:25:44 AM
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Apple CEO Cook Returns to China Amid Falling Market Share Apple Inc. (AAPL) Chief Executive Officer Tim Cook made his second visit to China in less than 10 months, as the company tries to revive its shrinking share of the world’s biggest mobile-phone market by subscribers. Cook is meeting government officials and partners, Carolyn Wu, a Beijing-based Apple spokeswoman, said by phone today, without elaboration. The officials included Miao Wei, the head of the Ministry of Industry and Information Technology, according to a government statement. Apple has almost doubled its number of outlets in China and Hong Kong since Cook’s last visit as it tries to win consumers from Samsung Electronics Co. and local phone makers. The company has slipped to sixth from fourth in market share, according to researcher IDC, and it has yet to offer iPhones via China Mobile Ltd. (941), the nation’s biggest carrier. More at: bloomberg.com o~~~ O

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