Stock in News: Apple (NASDAQ AAPL) Purchases Coherent Navigation

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Apple (NASDAQ AAPL) has had a faultless 2015. The stock has been the stand out in the market. It has been giving its stock holders a lot to cheer about. Apple would be looking to further consolidate its position in the coming days. Apple has been a part of some very interesting acquisitions. Lately, it brought a Global Positioning System mapping company named Coherent navigation.

Here in this article, we will take a closer look at the Apple (NASDAQ AAPL) stock. Apple has come up with some very interesting acquisitions in the recent past and it would be interesting to see how the stock might react to all of them. One in particular which will engage our interests would be that of Coherent Navigation.

Apple Inc (NASDAQ AAPL): iPhone 6

Coherent Navigation became the latest acquisition from Apple (NASDAQ AAPL) last week. There was no official statement from either side about the financial details of the transaction but it does seem like a very prudent investment on the part of Apple.

Coherent Navigation provides space based navigation services and systems. It specializes in providing GPS mapping which helps in providing accurate mappings, positioning and timings for all the concerned systems. It would help Apple get its maps better, an area which it was already looking to improve.

Apple Inc financial news (NASDAQ AAPL)

Apple (NASDAQ AAPL) has been a top performing stock which has really out performed others in the market. The stock has come up at the levels of $125 and it is still looking to gain further grounds in the coming days. Analysts have put a BUY rating on the stock. It would be interesting to see how the stock performs in the coming days.

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