Wu kept his 'buy' rating and $780 price target on the stock. "We find these 'under the radar' software enhancements significant and will drive more adoption of the Apple platform." "We are more intrigued with the new maps app, greater social networking integration," Sterne Agee analyst Shaw Wu said in a note. The brokerage also praised Apple's new mobile software, the iOS6, saying the new features would help it gain market share.Īpple tweaked its mobile software to entice users to stay within Apple's ecosystem and introduced its own in-house map service, taking on Google, which gets about half its mobile map traffic from Apple mobile devices. Speaking with pressmen in Singapore Apple’s senior vice president of Services, Eddy Cue, said Apple Maps is the best way to explore and navigate the world, all while protecting your privacy and the company is excited to bring this experience to even more users.Apple Inc won plaudits from Wall Street analysts after unveiling a slew of new services including mobile mapping and jazzed up technology for its Siri voice assistant.Īpple CEO Tim Cook, who took over from late co-founder Steve Jobs last August, took the wraps off new services and updates at the company's annual Worldwide Developers Conference on Monday, clearly setting his sights on Google Inc and its fast-growing Android mobile platform.Ĭanaccord Genuity raised its price target on Apple's stock by $25 to $800, saying it was impressed with the company's refreshed range of Macbook Pro and Macbook Air laptops. Apple Maps notifies the recipients of any substantial delays as they drive. Natural Language Guidance is now used in Siri directions, according to Apple, making navigation instructions more natural, such as turning left at the next traffic light.Īdditionally, the latest update also includes the Share ETA feature, which allows drivers to send their arrival time to a designated person or individuals through Message. Look Around street view, which was first introduced in the US with iOS 13 in 2019, is now available on Apple Maps for both areas. The new Maps app features improved navigation, as well as more comprehensive views of roads, buildings, malls, sports fields, vegetation, pools, pedestrian routes, bodies of water, and more. Also, the next update will most likely include France and Monaco according to the company.Īpple’s revamped maps initially appeared in iOS 12, and the Cupertino company has been trying to expand them ever since.
After over four years of expansions and nearly eight years of data collection, here is the result.
The new map app now covers 18.4 percent of the Earth’s surface area and 8.5 percent of the global population, according to O’Beirne (or 673 million people worldwide).
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