Monday, October 31, 2011

Apple Inc. (NASDAQ:AAPL) Buys 3D Map Company

Apple Inc. (NASDAQ:AAPL) has acquired Sweden based 3D mapping firm C3
Technologies. Apple Inc. (NASDAQ:AAPL) Buys 3D Map Company As a part of the move
to improve maps for its iOS devices, Apple Inc. (NASDAQ:AAPL) is acquiring C3
Technologies. This is the third mapping company Apple Inc. (NASDAQ:AAPL) has
purchased in roughly two years. According to 9to5mac.com, "We've now
confirmed that Apple Inc. (NASDAQ:AAPL) has purchased a second 3D-mapping
company. In August of this year it was discovered that 3D mapping company C3
Technologies had been purchased and shut down by its buyer. While there was no
true evidence for this, there was speculation that Apple could be one of a
handful of companies that could be the buyers of C3 Technologies." Apple Inc.
(NASDAQ:AAPL) shares were at 404.95 at the end of the last days trading. Theres
been a 3.7% change in the stock price over the past 3 months. Apple Inc.
(NASDAQ:AAPL) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.21 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.22 Zacks
Rank: 1 out of 2 in the industry

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