Apple

Silicon Valley’s brightest star Apple, has sold a mammoth 5 million iPhone 5 devices all within three days of its debut. However, its stock fell due to it failing to meet a market sales expectation of 8 Million devices. To compound the predicament, the company proclaimed on Monday that it ran out of its initial supply of iPhone 5 devices, which has piqued many market analysts chiefly as the company is the world’s most valuable company with $117 Billion in cash reserves.

The shortfall in the devices and rising market demand culminated into a riot breaking out in its Foxconn factory in China, involving over 2,000 factory workers all due to the massive demand for the smartphone, Foxconn is an overseas outsourcer in China located in Taiyuan, 320 miles from Beijing that builds gadgets for the Apple Corporation.

Tim Cook Apple’s CEO said the company is ‘’working hard to build enough iPhone 5s for everyone’’.

The expectations for the iPhone 5 were so immense that they could not have been realistically met, leading to the company’s stock falling by 1.7% to rest at $688.64.

Further thwarting matters, the early adopters of the iPhone 5 are grumbling that the device has faulty Wi-Fi connections and scratching on its aluminum casing, coupled with confused weather reports generated by the voice-activated Siri assistant.

Nevertheless, the iPhone 5 is by far the most groundbreaking smart phone in the market today, with the closest competitor Samsung Galaxy s3 being given an almighty whooping from builds quality and ergonomics to quality display.

On the eve of the launch of the new Samsung S4, Phil Schiller, Apple’s senior vice president of worldwide marketing slammed Android S4 Operating system. Stating that,

“Android is often given as a free replacement for a feature phone and the experience isn’t as good as an iPhone,” Schiller told the Wall Street Journal. He added: “When you take an Android device out of the box, you have to sign up to nine accounts with different vendors to get the experience iOS comes with,” he said. “They don’t work seamlessly together.” Not content with just that comment, Schiller also told Reuters that many Android users are stuck on out-of-date software. “Over 50 percent are still on software that is two years old.”

His remarks come on the heels of Apple’s stock hiting a one year low, coupled with being out-sold and outmanouvered by Samsung for the past 12 months. With its slipping grip on the market, Apple is losing its zeal as Samsung generates a buzz, greatly suggesting that Apple will have an ardous task of sustaining its market position and appeal, as the dominant force it once was, especially in the great abscence of its iconic and visionary late CEO, Steve Jobs.

Further stating that, “With their own data, only 16 percent of Android users are on year-old version of the operating system,”, As “Over 50 percent are still on software that is two years old. A really big difference.”

Moreover, according to the WSJ, he also shared company data indicating four times as many customers had switched to iPhone from Android during Q4 as the reverse, of which many commentators would like to get hold of that data that Apple claims, but only time will tell of which of this two tech behemoths will outlast the other.