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141.44MDow Volume:
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Unchanged
217
Decliners
3378
Advancers
3004
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/quotes/zigman/627449/realtime 16,528 -115 0.69%
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/quotes/zigman/12633936/realtime 4,777 -52 1.07%
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/quotes/zigman/3870025/realtime 1,972 -17 0.84%
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/quotes/zigman/629063/realtime 2,334 -21 0.89%
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/quotes/zigman/662444/delayed 1,141 +9 0.77%
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/quotes/zigman/2331095/delayed 47.87 -1.33 2.70%
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/quotes/zigman/16008136/realtime/sampled 1.13 +0.00 0.43%
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Airline 15.10% 15.10% 15.15%
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In Apple’s Maps War vs. Google, Consumers Lose

Cut-throat competition is supposed to be good for consumers, but the battle between Apple and Google over maps apps shows that’s not always the case.

On the iPhone 5, which went on sale Friday, the popular Google Maps app was replaced with Apple’s own maps software. The change was widely panned by consumers, who  complain that Apple stuck them with inferior software in an effort to hurt one of its biggest competitors. Apple conceded Friday that the new map software is still a work in progress, and said it will get better with time.Retail and tech experts say Apple’s move is aimed at displacing Google, which has long dominated the maps app market, which accounts for an estimated $625 million in annual sales, according to Opus Research. While such rivalries often lead to better products, they say the rush by tech companies to register patents on the most basic of smartphones, including maps apps, is having the opposite effect. Apple’s goal here is to maintain control of its own suite of products  – or “ecosystem” — to increase its share of the mobile-phone market, according to Scott Sutherland, analyst at Wedbush Securities.

By building its own map software from scratch, Apple lost its way, say a slew of tech reviewers, calling the app one of the biggest drawbacks of the iPhone 5. The software is not nearly as robust as Google’s, which was developed and improved upon over nearly a decade, experts say. The early consensus is that the app is buggy, displays distorted images, and provides confusing search results. Apple’s version also lacks Google’s popular “Street View” feature and does not provide directions over mass transit.

Maps are not the only area where consumers may end up in the crossfire between Apple and its competitors. In a $1 billion settlement last month, Samsung was found to have infringed on six Apple patents — some for what appear to be very simple features like the way apps are laid out or how users zoom in on pictures. Such decisions could mean that consumers only have access to a handful of proprietary features, insiders say. “In the short run, consumers are clearly the losers from the current wars over intellectual property,” says David B. Yoffie, Max and Doris Starr Professor of International Business Administration at Harvard University.

Competition tends to be bad for consumers when it creates more high-tech products that are incompatible with each other, experts say. For instance, Apple’s iCloud works exclusively with Apple products, while Google’s Cloud works with any device using Google’s operating system – customers get locked into one or the other, says Ben Bederson, a professor of computer science at the University of Maryland.

Another problem, say tech pros, is that the rush by tech firms to find a one-size-fits-all approach to wildly different smartphones often results in “worse software,” says Bederson.

Apple did not respond to requests for comment. Google says the company’s goal is to make Google Maps available to everyone, “regardless of device, browser or operating system.”

Smartphone users may eventually win out, say some experts, with Apple and Google licensing each other’s software – to make their best features available across several platforms. “In the history of the technology business, it has been common for intense wars over patents to be followed by broad cross-licensing,” Yoffie says.

And Apple will likely fine-tune its maps app over the coming months, says Damien Geradin, a competition law partner at Covington & Brussels, a Washington, D.C.-based law firm. Apple dropping Google Maps may be bad for users in the short term, but it will be beneficial over the longer term. “We don’t want to be left with only one type of way to find directions: Google Maps.”

 

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    • Funny how Apple users resemble the people who lived on the Jim Jones commune with the kool aid.

      :-)

    • Apple’s war with competitors will continue to hurt its consumers. Well those Apple fanboys deserve i.

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MarketWatch - Stock Market Quotes, Business News, Financial News
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Investor Alert

New York Markets Open in:

Futures: /quotes/zigman/30356461/delayed S&P 500 -2.2% /quotes/zigman/38649152/delayed DOW -2.2% /quotes/zigman/30356458/delayed NASDAQ -2.4%

need to know
European markets fall | FTSE 100 down
Chinese factory data pull Asian shares lower
Man Group's China chief in custody: report
Oil prices pull back after breathless rally
Dow posts worst August fall in 17 years
Novartis gets EU nod for skin cancer drugs
Valeant, AstraZeneca strike psoriasis deal
Morgan Stanley cuts S&P 500 price target

All 10 S&P 500 sectors decline in August
‘Deflategate’ ruling expected this week

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After Jackson Hole, no clear path for the Fed
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Fischer: Fed watching China more closely

Taleb’s ‘Black Swan’ fund made $1 bln this week

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Scott Walker’s backers seek reboot of campaign
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Markets »

141.44MDow Volume:
Avg Vol: 109.98M
Unchanged
217
Decliners
3378
Advancers
3004
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,528 -115 0.69%
Nasdaq
/quotes/zigman/12633936/realtime 4,777 -52 1.07%
S&P 500
/quotes/zigman/3870025/realtime 1,972 -17 0.84%
GlobalDow
/quotes/zigman/629063/realtime 2,334 -21 0.89%
Gold
/quotes/zigman/662444/delayed 1,141 +9 0.78%
Oil
/quotes/zigman/2331095/delayed 47.87 -1.33 2.70%
FTSE 100
/quotes/zigman/3173262/delayed 6,089 -159 2.54%
DAX
/quotes/zigman/2380246/delayed 9,958 -302 2.94%
CAC 40
/quotes/zigman/3173214/delayed 4,524 -129 2.77%
FTSE MIB
/quotes/zigman/1482176/delayed 21,464 -478 2.18%
IBEX 35
/quotes/zigman/2759620/delayed 9,998 -261 2.54%
Stoxx 600
/quotes/zigman/2380150/delayed 353 -10 2.76%
Asia Dow
/quotes/zigman/6959860/realtime 2,719 -65 2.34%
Nikkei 225
/quotes/zigman/5986735/delayed 18,166 -725 3.84%
Hang Seng
/quotes/zigman/2622475/delayed 21,185 -485 2.24%
Shanghai
/quotes/zigman/1859015/delayed 3,167 -39 1.23%
Sensex
/quotes/zigman/1652085/delayed 25,699 -584 2.22%
Singapore
/quotes/zigman/1709939/delayed 2,883 -39 1.32%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.00 0.43%
Yen
/quotes/zigman/16008150/realtime/sampled 119.82 -1.41 1.16%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.00%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.52%
DXY Index
/quotes/zigman/1652083/delayed 95.48 -0.45 0.47%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.18 -0.25 0.28%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.17 -0.05 2.20%
German 10y
/quotes/zigman/15866409/realtime 0.80 +0.06 8.58%
Italy 10yr
/quotes/zigman/15866497/realtime 1.98 +0.06 3.06%
Spain 10yr
/quotes/zigman/15866444/realtime 2.12 +0.06 3.01%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.81 -0.04 1.94%
Japan 10yr
/quotes/zigman/15866525/realtime 0.36 -0.02 4.88%
Crude Oil
/quotes/zigman/2331095/delayed 48 -1 2.70%
Gold
/quotes/zigman/662444/delayed 1,141 +9 0.78%
Corn
/quotes/zigman/7599553/delayed 373 -2 0.53%
DJIA F
/quotes/zigman/38649152/delayed 16,146 -362 2.19%
S&P F
/quotes/zigman/30356461/delayed 1,925 -44 2.23%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.10%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 89.43 -1.58 -1.74%
AAPL /quotes/zigman/68270/composite 112.76 -0.53 -0.47%
GOOG /quotes/zigman/30194416/composite 618.25 -12.13 -1.92%
BAC /quotes/zigman/190927/composite 16.34 -0.02 -0.12%
C /quotes/zigman/5065548/composite 53.48 0.20 0.38%
F /quotes/zigman/264304/composite 13.87 0.13 0.95%
T /quotes/zigman/398198/composite 33.20 -0.09 -0.27%
BP /quotes/zigman/247026/composite 33.54 0.28 0.84%
GE /quotes/zigman/227468/composite 24.82 -0.34 -1.35%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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