Apple Acknowledges Map Mishap

Apple’s Stock

Due to massive user outrage, Apple has allowed Google’s map application back into its mobile devices. Apple’s stock took a slight hit due to the company’s stubborn strategy to keep with its own map app, but fierce customer feedback forced it to reevaluate its approach.

Last Thursday Apple shares fell 1.5 percent to $531.17 at 12:24 p.m. in New York, while Google’s rose about 1 percent to $702.92.

According to a Bloomberg report, critics accused Apple’s map application for being undependable, aiding Google’s new program “to shoot to the top of Apple’s App Store rankings today after its release.”

Not a Banc De Binary trader?

Sign In