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Has Apple Lost its Secret Sauce?

When Steve Jobs passed away in October 2011, Apple (NASDAQ:AAPL) investors instantly worried the consumer electronics juggernaut had lost its innovative soul.Increasingly, investors seem to be betting those fears are coming true.Seventy-one percent of respondents in a newly-released Bloomberg poll say Apple has lost its cachet as an industry innovator, including 28% who say it is permanent and 43% who believe it may just be a temporary issue.Another 23% of poll respondents believe Apple remains on top of the industry as an innovator and 6% were unsure, Bloomberg said.That sentiment helps explain why Apple's shares have tumbled 18% so far this year, vastly trailing the Nasdaq 100's 13% rally and Google's (NASDAQ:GOOG) 28.5% leap.Since topping out at $705.07 on September 21, Apple has plunged 38% through Thursday's close at $434.58 as investors worry about rising competition from the likes of Google and especially Samsung.Apple had long been admired for its groundbreaking inventions, inc...

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  1. Sears Unveils Lease-to-Own Program

    Sears Holdings (NYSE:SHLD) said Friday it will launch a lease-to-own program this month in all its Sears stores, allowing credit-strapped customers to lease big item...

  2. Hitachi Full Year Net Profit Down 49.5%

    Hitachi Ltd. (6501.TO) said Friday its net profit dropped 49.5% in the last fiscal year, weighed down by sluggish demand for electronics devices and automotive syste...

  3. Panasonic Posts Second Year of Big Losses

    Panasonic Corp. (6752.TO) said Friday it posted a second straight year of massive losses in the previous fiscal year to March, dragged down by hefty restructuring ch...

  4. Weather Continued to Pressure Retailers' Sales in April

    Retailers saw sales pick up a bit in April, but they continue to be stymied by cool weather.The group has now marked its fiscal first quarter--February, March and Ap...

  5. Several retailers miss estimates as shoppers frugal

    A number of top U.S. retailers reported disappointing April sales on Thursday as consumers gravitated toward discount chains and bad weather delayed spring shopping ...

  6. Weather Pressured Retailers' Sales in April

    Retailers continue to be stymied by cool weather, leading to generally lukewarm sales for April.The group has now marked its fiscal first quarter--February, March an...

  7. Toshiba Profit Slumps 62%

    Toshiba Corp. (6502.TO) posted a 62% decline in quarterly net profit for the three months ended March, falling short of analysts' expectations, as its consumer elect...

  8. Business group says imports actually support U.S. jobs

    A new report on Monday credited imports with supporting 16 million U.S. jobs in a bid by business groups to improve the image of the ugly brother of trade.While poli...

  9. Apple's $9B Tax Dodge

    By using proceeds from its monumental $17 billion bond issue this week to pay shareholders instead of dipping into its $100 billion in cash overseas, Apple Inc (NASD...

  10. What You Shouldn't (and Should) Buy in May

    What Not to buy in MayLooking for bargains in May? Forget the TV, and step away from the lawn mower. Instead, enjoy a picnic on the patio.May has plenty of discounts...

  11. Best Buy Exits Europe with Carphone Sale

    In a move that is being cheered by investors, Best Buy (NYSE:BBY) announced plans on Tuesday to sell its 50% stake in its struggling European business to Carphone Wa...

  12. Best Buy plans to exit Europe by selling stake to Carphone

    U.S. retailer Best Buy Co Inc is selling its 50 percent stake in a joint venture with Europe's biggest independent mobile phone retailer Carphone Warehouse Group PLC...

  1. Break Up Sony? Well, Duh

    It must be seven or eight years since I wrote "My Last Sony," predicting the tech giant's downfall at the hands of overzealous chief executive Nobuyuki Idei and his ...

  2. TECH STOCKS: Microsoft, Yahoo Lead Slate Of Tech Gains

    Gains from the likes of Microsoft Corp. and Yahoo Inc. stood out on a largely upbeat day for tech stocks Tuesday, but BlackBerry Inc. and Nokia Corp. failed to join ...

  3. Investor Pushes Sony to Take Entertainment Unit Public

    For years Sony Corp. (SNE) steadfastly defended the synergies of owning both an entertainment and an electronics operation. But the conglomerate's vision is being ch...

  4. TECH STOCKS: Yahoo Leads Techs Up; BlackBerry, Nokia Fall

    Tech stocks gained more ground by early Tuesday afternoon, despite notable drops at BlackBerry Inc. and Nokia Corp. after those companies announced new smartphone de...

  5. TECH STOCKS: Tech Stocks Rise; Yahoo Price Target Raised

    Tech stocks were mostly higher in early trading Tuesday, with Yahoo Inc. among gainers as another Wall Street analyst raised his price target on the Internet company...

  6. Sony Urged to Take Entertainment Arm Public

    After years of steadfastly defending the synergies of owning both an entertainment and an electronics operation, Sony Corp's (6758.TO) vision of a content and hardwa...

  7. U.S. hedge fund calls for Sony Entertainment spin-off

    Billionaire hedge fund investor Daniel Loeb on Tuesday called on Sony Corp to spin off its lucrative entertainment arm, setting the stage for a clash between his act...

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