On the day that they launch their iPad in Australia Apple has finally toppled Microsoft as the No. 1 ICT company, after its market capitalisation surpassed the software giant's market cap yesterday. Apple's market cap hit US$221 billion, as Microsoft's slipped to $219 billion - less than half the $556 billion Microsoft was worth in 2000.
Good news for Android - it has 52% marketshare and Samsung is the official new smartphone king - toppling Nokia for the first time ever. Sales of Android OS smarties, which includes HTC, LG and Samsung, doubled over the Q3 period, catapulting it to the top of the smartphone charts, followed by Nokia's Symbian at 16.9% and Apple following in third place with 15% marketshare.
Major retailers in Australia are predicting that Philips will call it quits in the CE market with the brand possibly ending up in the hands of a distributor. Globally the Company is struggling with profits plunging 75% due to the poor performance of the Companies consumer electronic division.
Cygnett, is a Melbourne based Company, that successfully competes in the accessory market, which is one of the most difficult categories sold at mass consumer electronics retailers, because it's constantly changing as new devices are being launched.