On Friday, U.K. stocks surge as encouraging Chinese and U.S. trade data; it lured investors into taking more risk, with upbeat sentiment derived from the mining firms and banks.
Market getting positive momentum from companies including Vodafone Group Plc (ADR) (NASDAQ:VOD) rose 1.96% after Bank of America Corp (NYSE:BAC) Merrill Lynch changed the wireless-telecom rating from buy from neutral.
The mining companies also showed positive surge and optimism about better-than-expected Chinese trade data. Shares of Nokia Corporation (ADR) (NYSE:NOK) gained 0.74%.
The banks stocks in London also surged, as investors seemed to be willing to take on more risk. HSBC Holdings plc (ADR) (NYSE:HBC) share rose 2.58%, Halcon Resources Corp (NYSE:HK) shares fell -2.91%, Barclays PLC (ADR) (NYSE:BCS) stock gained 2.44%.
Canalys a research firm claimed that, no doubt Apple Inc. (NASDAQ:AAPL) in December launch its iPhone 5 in China to increase its smartphone market share, but result was not the same as it is expected, according to the research firm the company fourth Quarter raise hardly as compared to 2012 same quarter.
Nicole Peng, analyst from the Canalys said that in the third quarter Apple Inc. positioned itself at the sixth place as a largest smartphone vendor. Apple’s market share boosted to 8.5% in China in Q4, as compare to the marker share of the company in Q3, which was 8%.
Peng added, Apple Inc. (NASDAQ:AAPL)’s iPhone 5 is selling in huge ratio but the company is highly affected by the slow Smartphone business in the country. And this slow Smartphone business affected Apple’s over-all market share. Eventually having good sale of its products, there is no over-all improvement in company’s market share.
According to some estimate Apple’s smartphone shipments was increased by 65 million units in the quarter, but the growth of market in China highly depends on low-end handsets, because many units are approximately priced US $79.
But Apple competitor Samsung positioned itself in top spot against The Company because Samsung hold 16% of market share. And other rivals of Apple’s in the market are Lenovo, Yulong Computer Telecommunication Scientific from Chinese, ZTE and Huawei.
Apple Inc. penetration in the Chinese market is still slow because the company has no low-priced smartphone in its collection of products. But Apple is still hopeful to stabilized it self on strong footing in the country and wants a deal with the country’s largest carrier China Mobile to sell its iPhone.
Because according to the analyst firm, other rivals of Apple, like Lenovo, ZTE, and Huawei have better shares due to their low-end product models.