Apple shares drop as iPhone fears grow
Apple's stock has slipped below $US500 for the first time in 11 months as investors react to reports signalling the company's latest iPhone is falling behind its Android rivals.
Apple's stock has slipped below $US500 for the first time in 11 months as investors react to reports signalling the company's latest iPhone is falling behind its Android rivals.
The fall in the number of UK Facebook users had led many to speculate that Facebook has hit a saturation point in developed markets like the UK and could be going backwards.
Market players are picking a bumper year for new sharemarket listings on the back of strong sharemarket gains and investor appetite for equities.
New Zealand shares rose on the first trading day of 2013, following gains on Wall Street, as investors drove up companies that have featured on broker lists for 2013, such as PGG Wrightson and Ryman Healthcare.
New Zealand's sharemarket was dragged downwards yesterday as talks stalled in the United States over its looming "fiscal cliff".
The number of sharemarket trades hit a record high in December capping off the best year for the New Zealand stock market since 2004.
Three stocks have the strongest backing from brokers in the 2013 broker picks.
Trade Me shares are out of a trading halt, with Fairfax now having sold all its shares to a "broad range of institutions" at a five per cent discount.
Datacom manages IT services for firms and has more than 4000 staff in New Zealand and overseas.
Fairfax has completed a sell-down of its 51 per cent stake in Trade Me, the online shopping site confirmed this evening.