Investing
WiFiSlam Acquisition Expected to Have Little Impact on Apple
Published:
Last Updated:
Apple Inc. (NASDAQ: AAPL) has bought WiFiSlam, a company with technology that allows mobile devices to show the location of their owners. Some press outlets believe that Apple will use this technology to fix its broken map software so it can better compete with Google Inc.’s (NASDAQ: GOOG) Google Maps. But skepticism seems to have trumped the belief that this plan will work.
This acquisition though, is not expected to have significant impact toward Apple as the Cupertino-based company is still struggling to recover from its “Maps fiasco”, Loo Wee Teck, Euromonitor’s global head of consumer electronics research, observed.
And:
A large part of the battle is also determined by the smartphones on which the maps will be loaded and utilized, Loo added. Android-based smartphones’ “unassailable” lead over iPhones will not change with Apple’s acquisition of WiFiSlam, he added.
The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.