The price of Apple Inc. (NASDAQ:AAPL) binary options slides a bit to $571.53, as binary traders are not rushing towards “putting” nor “calling” on the company, after the cancelation of the patent infringement trial between Apple and Google’s Motorola Mobility unit. Such decision was made, since neither party could prove damages, judge Posner said.
The last session ended right below EMA 9 on $571.64, which might have acted as a resistance if some bad news came out. But the news around the company is quite neutral, so the binary option price quickly leaped above the fore mentioned line right after the trading started. The price is currently fluctuating between the EMA 9 and the support at $569.97.
At the moment Apple is waging war against Google on many fronts and the patent lawsuit is just one of them. Earlier this week, Apple announced that it will replace Google Maps as the default mapping application on its mobile devices with a version developed by their own application. As binary traders might know, Google Maps is the main reason for Google’s success in the monetization of the mobile sector.
On the other hand, Apple and Baidu are striking a deal. The Chinese search engine will be added the internet search bar on the iOS based mobile devices. Binary investors might know that Apple’s iPad was holding 58.2% of the global tablet shipments for 2011, and is estimated to gross a 62.5% this year. The binary analysts say that this number might increase even more, if the rumors about the company launching a 7-inch product below the $300 tag into the market later this year are truth.
The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.