Freeze Warning expires at 8:00 AM on 9/15, issued at 2:06 AM Blue Mountain Lake, NY | Caroga Lake, NY | Hoffmeister, NY | Indian Lake, NY

Apple shares fall after Samsung unveils new phones

The Apple logo sign is seen on a San Francisco Apple store  (Kevork Djansezian, Getty Images)
The Apple logo sign is seen on a San Francisco Apple store (Kevork Djansezian, Getty Images)
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 9/03 12:32 pm

NEW YORK (AP) — Apple shares are getting bit by a rival.

The iPhone maker's stock fell more than 4 percent after Samsung unveiled two new smartphones at a trade show in Berlin Wednesday.

Samsung announced the Galaxy Note Edge phone, which has a side display for quicker access to Twitter, the flashlight, news and other apps. It also showed off a new Galaxy Note 4 phone and a virtual-reality headset for the phone to watch concerts or play games.

The Samsung unveiling comes less than a week before Apple is expected to unveil new products, next Tuesday.

Shares of Apple Inc. are down $4.25 to $99.10 in afternoon trading, erasing more than $25 billion of its market value.

 

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

The views expressed here do not necessarily represent those of FOX23 News.

No comments yet!
Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.