problems related to Apple Maps, and rumors of a decline in the popularity of the device that accounts for most of the company's revenues, the Apple iPhone. But by far, the biggest factor affecting the stock has been the feeling that Apple is no longer an innovative company. That might change, if the tech titan delivers a smartwatch, as speculated. The Apple iWatch could be launched before the end of the year.
Apple's rival, Google, is moving in the opposite direction. Google's stock hit a new all-time high on Monday at $816.18. The popularity of Android is helping to drive the stock. Although Google doesn't make a dime on the software, the more Android phones that are activated, the more mobile ad revenue comes into the coffers of the Mountain View company. Also helping Google soar and Apple flop is a report released Monday with an estimate that 58% of all app downloads in 2013 will be on the Android platform, while only 33% of such downloads will be over the iOS platform.