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Increasing adoption of big display smartphones is having a negative impact on tablet sales, with an IDC study forecasting 2014 as a challenging year for the portable computing device.Total shipments are down year over year as of last quarter though Apple and its iconic iPad remain the tablet leader with 30 percent of market sales, according to IDC. The rise of large-screen phone stanley cup s and consumers who are holding on to their existing tablets for ever longer periods of time were both contributing factors to a weaker-than-anti stanley cup cipated quarter for tablets and 2-in-1s,  said Tom Mainelli, IDC program VP of devices and displays. In addition, commercial growth has not been robust enough to offset the slowing of consumer shipments. The news comes as smartphone fever continues to rage among consumers and new vendors, the latest being Amazon, move into the market as longtime players strive to push more feature-rich smartphones into the marketplace. Both Sony and Samsung are prepping to debut new handsets this month and leaks about Amazon s first smartphone, likely due in early summer, are becoming a daily occurrence.The IDC report released Thursday reveals tablet shipments increased 3.9 percent compared to a year ago first quarter. Apple shipped 16.4 million, a drop of 16.1 percent compared to year ago. Apple blamed inventory flux as the prime reason for the decline.Yet Apple s iPad accounts for 32.5 percent of all tablets shipped in the first quarter, with Samsung right b stanley cups uk ehind with 22.3 p Iffv Cyprus Business Now: airport expansion, property sales, inflation, unemployment
Oil prices edged lower on Tuesday as Israel accepted a proposal to tackle disagreements blocking a ceasefire deal in Gaza, helping ease concerns over supply disruptions in the Middle East.Brent crude was down 67 cents, or 0.86 per cent, at $76.99 a barrel, as of 0600 GMT. Front month US West Texas Intermediate crude futures , which expire on Tuesday, were at $73.75 a barrel, easing 62 cents, or 0.8 per cent. The more actively traded second month contract was last down 63 cents or 0.86 per cent at $73.03 a barrel.Brent had fallen about 2.5 per cent on Monday, while WTI eased 3 per cent. Prices seem to find some headwinds from geopolitical developments in the Middle East and Chinas demand outlook,  said Yeap Jun Rong, market strategist at IG, referring to weak Chinese economic data, which cast doubts on the countrys oil demand prospects. A ceasefire deal in Gaza now seems more likely than no stanley cup t, which saw market participants pricing out the risks of geopolitical tensions on oil supplies disruption. US Secretary of State Antony Blinken said on Monday that Israeli Prime Minister Benjamin Netanyahu had accepted a  bridging proposa mugs stanley l  presented by Washington to tackle disagreements blocking a ceasefire deal in Gaza, and urged Hamas to do the same.Also easing supply concerns, production at Libyas  stanley cup Sharara oilfield has risen to about 85,000 barrels per day in a move aimed at supplying the Zawia oil refinery, two engineers working at the field told Reuters on Monday.Libyas National Oil Co