After a stunning event at WWDC, US most innovative firm, Apple Inc. (NASDAQ:AAPL) has abandoned Google Maps and joined hands with navigation-system maker TomTom NV for mapping services in the coming version of the software carrying its iPhones and iPads.
The deal between the Dutch minnow and one the world’s most zealous brands was announced publicly just hours following the Cupertino, California-located firm revealed new mapping features for its new phone OS at its developer conference in San Francisco.
TomTom previously provides its maps and related information to firms like Samsung, Research In Motion, and Google, but predicts its association with Apple to be more stronger, company representative Taco Titulaer commented on Tuesday.
Its competitors include Google Inc (NASDAQ:GOOG) that slipped -1.36% to $560.77 with the total traded volume of 1.24 million shares and Hewlett-Packard Company (NYSE:HPQ) that moved up 0.42% to $21.50 with the total traded volume of 2.19 million shares.
Other technology stocks with bullish trend include Nokia Corporation (ADR) (NYSE:NOK) up 1.99% to $2.83, Microsoft Corporation (NASDAQ:MSFT) up 0.40% to $29.01 and Intel Corporation (NASDAQ:INTC) up 0.92% to $26.23, whereas with bearish trend include Zynga Inc (NASDAQ:ZNGA) down -9.91% to $5.00, Sprint Nextel Corporation (NYSE:S) down -0.53% to $2.82 and AT&T Inc. (NYSE:T) down -0.40% to $34.45.
Apple Inc. (NASDAQ:AAPL) stock reports on June12, 2012 decreased -0.07% to the trading price of $570.76 at 10:58AM EDT. Its fifty two week range is $310.50-$644.00. The total market capitalization remained $533.20 billion.
The overall volume in the current trading session is 5.20 million shares. In its share capital AAPL has 935.06 million outstanding shares among them 934.45 billion shares have been floated in market exchange. AAPL stock institutional ownership remained 68.75% while insider ownership included 0.03%.
AAPL is ahead its 52 week low with 83.05% and lagging behind from its 52 week high price with -11.74%. AAPL last month stock price volatility remained 2.53%. The stock price of AAPL is moving forward from its 20 days moving average with 1.08% and remote negatively from 50 days moving average with -2.43%.
AAPL current year earnings per share experienced an addition with 82.63% while its current quarter performance remained 3.47%. Company’s beta coefficient included 1.22. Beta factors measures the amount of market risk associated with market trade.
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