market Stories April 19, 2016

AAPL: 106.91

-0.57

Apple seems to be preparing to announce a web version of its MapKit framework, allowing anyone to embed an Apple Map view into a web page. On the WWDC microsite, Apple has embedded its own map object in the page to show attendees how to get between Moscone West and the Bill Civic auditorium, where the Monday keynote will be held. Looking at the code, it appears Apple wants to make this embeddable map a public API in the (near?) future so anyone could add an Apple Map to their website.

The map allows user interaction like you might expect with panning, zooming and such. Behind the scenes, the Apple map uses a HTML5 <canvas> element to render the custom cartography. Right now, MapKit is exclusive to iOS and Mac apps, ostensibly funded by the revenue Apple brings in from the sale of App Store apps.

From a business perspective, it is unclear why Apple would want to open up its API to web developers. Today, most developers use embedded Google Maps to display maps on their websites due to its ubiquity. Although other mapping options exist, a high-profile entrance of Apple into the space would provide strong competition to Google’s offering.

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market Stories March 21, 2016

AAPL: 105.91

-0.01

Who will buy the iPhone SE? Data shows that over 35% of iPhone users are still using a 4-inch device…

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market Stories February 24, 2015

IDC just released its latest numbers on the top smartphones by operating system showing iOS and Android continue to collectively dominate the market with both experiencing growth during 2014. Together, iOS and Android grabbed 96.3% of all smartphone shipments, which IDC points out is up from 95.6% in 4Q13 and from 93.8% in calendar year 2013.

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market Stories February 10, 2015

Apple becomes 1st company ever to close at market cap of over $700B (AAPL)

Update 2/11: After passing $700 billion in market capitalization yesterday, Apple has been trading up as high as $124.43 a share raising market cap over $720 billion.

Apple’s stock price closed up 2.3 points today to close at 122.02 giving the Cupertino company that was on the verge of bankruptcy less than 2 decades ago, the highest market cap of all time. The closing market cap of $710B reflects significant growth since it hit a recent low of a split-adjusted 56 in mid-2013.

To put it into perspective, Apple is now valued at $100 for every man, woman and child on the face of the earth.

Speaking of AAPL, Tim Cook is at Goldman Sachs today discussing Apple’s recent success and announcing a industry first Solar farm that will offset all of Apple’s California electricity use including its Campus 2, offices and 40 retail stores. 

And on that note, First Solar, the company that is partnering with Apple on the Solar Farm is up almost 10% on the news.

market Stories February 4, 2015

AAPL shares set new closing high record reaching $119.56

Update: 2/5 closed above at $119.94.

Apple stock closed at an all-time high today ending trading at $119.56 per share after climbing past its previous trading high of $120 per share to 120.51 per share during morning trading. The price also exceeds Apple’s previous opening record high of $119.27 per share setting that record up to be broken as well.

market Stories January 30, 2015

AAPL 120

Apple’s stock soared the day after the company reported its record breaking quarter with over $74 billion in revenue and more than 74 million iPhones sold, and now Apple’s stock has reached a new all-time high during trading. The company briefly touched on $120/share during trading this morning and is on track to break its previous record closing high soon. expand full story

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