Apple Responds to Criticism on New Mapping Service

Apple Inc. (NASDAQ:AAPL) faced a lot of criticism from many people and technology analysts about its new Mapping service. Apple responded to the criticism and said that it is still working on its new Mapping application and the service will get better with the passage of time.

Trudy Miller, Apple spokesperson, said that the company has received all the comments and it is working along with external developers in order to incorporate options for local transport into the software. He further said that new mapping facility is a key initiative that the company has taken. He added that Apple respects its customer’s remarks and it is making efforts to improve their experience.

Apple’s new mapping service was introduced with the launch of iOS 6 and iPhone 5. However most of the people who were used to Google Inc. (NASDAQ:GOOG) Maps app were quick to criticize about many limitations in the Apple’s mapping service.

Apple Inc. (NASDAQ:AAPL) hit +26.97% as their profit margin for the last twelve months and had an operating margin of +35.62%. In the previous 52 weeks the price has traded between $354.24 and $705.07. Intraday trading was between $699.36 and $705.07.

Shares price of AAPL moved forward from its 20 days moving average with +3.33% and remote positively from 50 days moving average with +9.42%.  current year earnings per share experienced an addition with +82.63% while its current quarter performance remained +20.79%.

Apple Inc. (AAPL) has a trade volume of 20.41 million shares is higher as compared to average trading capacity of 14.45 million shares.

AAPL last month stock price volatility remained 1.34%. In its share capital Apple Inc. (NASDAQ:AAPL) has 937.41 million outstanding shares among them 936.90 million shares have been floated in market exchange. Apple stock institutional ownership remained 67.97% while insider ownership included 0.03%.

The stock is ahead its 52 week low with +98.48% and lagging behind from its 52 week high price with -0.55%. Company’s beta coefficient included 1.21. Beta factors measures the amount of market risk associated with market trade.

At the close of the trading day, Google Inc (NASDAQ:GOOG) shares increased +0.81% to settle at $733.99. Intraday trading was between $730.12 and $734.92.  In the past year, the stock has traded within a range of $480.60 – $734.92. The last session’s volume of 6.36 million shares was higher from the average daily trading volume of 2.27 million shares.