Competition Concerns: Google, Samsung, Microsoft gain steam while Apple stock dips on margin

Apple may have reported its best-ever September quarter yesterday and met Wall Street’s sales predictions, but investors seem less impressed. The company’s stock was down more than 2.5 percent today, falling as low as $593. For context, Apple hasn’t seen trading below $600 since July 30.

Apple announced it was expecting to set an all-time earnings record over the upcoming holiday quarter by selling $52 billion worth of products. The company also revealed, however, it expected to see lower profits owing to the lower margins and higher manufacturing costs of new devices like the iPhone 5, the fourth generation iPad and the iPad Mini.

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