Apple Is No. 3 in Portable Computers

11:55 AM -- If tablet computers, such as the iPad, are counted as portable computers, Apple Inc. (Nasdaq: AAPL) has soared to the No. 3 spot in the market, surpassing AsusTek Computer Inc. , Lenovo Group Ltd. (Hong Kong: 992), Toshiba Corp. (Tokyo: 6502), and Dell Technologies (Nasdaq: DELL) in terms of global unit share, Fortune reports.

In the No. 3 spot, Apple is behind only HP Inc. (NYSE: HPQ) and Acer Inc. , and it's still gaining ground, Fortune says.

"Our retail checks suggest this share shift continues in July, where the iPad is directly cannibalizing demand for other vendors' NB products," Deutsche Bank analyst Chris Whitmore told Fortune, "Remarkably, Apple's traditional MacBook business posted accelerated unit growth on a Y/Y basis in 2Q despite the launch of the iPad while every other Top 5 vendor slowed."

Without the iPad, Apple occupies only the No. 7 spot. But Whitmore believes that investors will increasingly factor tablet computers into these numbers.

In other Apple news:

  • Pricing agreements between the US's top five book publishers and Apple and Amazon.com Inc. (Nasdaq: AMZN) have come under scrutiny by both Connecticut and Texas's attorneys general, The Wall Street Journal reports.

  • Apple was expected to offer a streaming music service based on its acquisition of Lala's cloud technology, but eight months after acquiring the startup -- and about three months after shutting it down -- its plans still seem uncertain. According to a report from CNET, Apple has been telling execs at the top four music labels that its cloud efforts will likely be "modest in scope."

    — Erin Barker, Digital Content Reporter, Light Reading Cable

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