Trump announces trade deal with EU following months of negotiations
Apple Inc, (AAPL) has announced that it has completed the purchase of an Israeli motion sensor firm.
The computing giant has bought PrimeSense, which is the company behind the Kinect sensor used in Microsoft's Xbox games consoles.
"Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans," an Apple spokesperson was quoted as saying by the Financial Times.
Inon Beracha, the Israeli company's chief executive, has claimed that 26 million Kinect devices have been sold so far.
He stated that this means it is now the "most sold computer division device ever". Kinect is a motion sensor that allows gamers to use their bodies and voices to control the action on screen.
Apple's purchase of PrimeSense is likely to lead to speculation it is going to start using more motion sensor technology in its devices such as the iPhone and the iPad.
The firm's share price has dropped slightly in after-hours trading in the US, recording a 0.26 per cent dip in its value.
Find up to date information on the FTSE 100 and spread betting strategies at City Index
Disclosure: FX Solutions assumes no responsibility for errors, inaccuracies or omissions in these materials. FX Solutions does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. FX Solutions shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials.
The products offered by FX Solutions are leveraged products which carry a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary.
Which stock should you buy in your very next trade?
AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?
Unlock ProPicks AI