Apple's shares have dropped almost 30 percent since September, erasing about $190 billion in market value, on concern that demand for iPhones and iPads is ebbing.
January 23, 2013 at 12:00 AM
1 minute read
Apple Inc. chief executive officer Tim Cook is feeling the heat.
Eighteen months after taking over from Steve Jobs, Cook is facing rising production costs, competition from Samsung Electronics Co. and slowing growth in smartphones, threatening profits for the world’s most valuable company.
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