Apple lost its crown as China's biggest smartphone seller in the first quarter of 2024 as its smartphone shipments fell 6.6% from a year ago amid intense competition, preliminary data from research firm IDC showed on Thursday.
Read MoreInvestors reportedly expect increased competition in the grocery sector after Amazon's announcement Tuesday (April 23) of a new grocery delivery subscription benefit. Walmart and Kroger shares declined 1.8% and 2.3%, respectively, Tuesday, in moves that UBS analyst Michael Lasser said showed that investors interpret Amazon's announcement as a sign of greater competition, Seeking Alpha reported Wednesday (April 24).
Read MoreLegendary and visionary retailer Sam Walton not only had a private airplane in the early days of Walmart, he also piloted it to Walmart stores throughout the south. On those trips, Walton routinely walked the aisles of competitor stores with an eye on acquiring knowledge that would improve his own.
Read MoreWhile Apple (AAPL) deals with a lawsuit by the Department of Justice (DOJ), the Magnificent Seven member stock could be losing ground in one of its most valuable markets: China. Recently, reports have shown that iPhone sales have slumped in China.
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