Apple Inc. (AAPL)’s New Feature Got 3 Out Of 4 Major Carriers Interested

Apple Inc. (NASDAQ:AAPL)’s cheerfully on the upswing again with almost 2.5% more value than yesterday’s closing figures. The current $98.65 price a share is expected to get even bigger only on the back of rising demand for the newest products from Apple Inc. (NASDAQ:AAPL). But, there’re more surprises coming up as the company announces a 3 in 1 SIM card to be available in the newest tablets, according to CNBC.

“The Apple iPad 2 is the first device that you could seamlessly switch between three major carriers, everyone except Verizon, using this Apple SIM card that Apple has developed. This really takes the carriers out of the retail loop and makes it much easier for iPad users to say ‘Oh, I’m going to try T-Mobile for a little while’, ‘No, I’m going to switch over to AT&T’,” informed Sascha Segan, Pcmag.com Lead Mobile Analyst.

This is magnificent work from the tech colossus as it required the design and development of a new chip that could allow switching from different data parts stored in it, while synchronizing with 3 different providers. However, Apple Inc. (NASDAQ:AAPL)’s new feature for the iPads 2 will not cause a major change in the way most of the consumers perceive the device. So, tweaks like this make life more pleasant and enjoyable, but they change very little in essence as the functionality is supposed to be the same.

An important thing to not on the subject is that Verizon refused to cooperate with the Cupertino, California-based manufacturer.

“Verizon thinks that they have enough market power to be able to tell Apple what to do to some extent that they can sell Verizon only SIM cards and help stick people on Verizon with the power of renowned quality of their network,” said Sascha Segan.

Obviously, Apple Inc. (NASDAQ:AAPL)’s not even remotely intimidated by the denial from US’s major carrier, but it would have been much better for the former if the latter had decided to join the team.

Disclosure: none

Free Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.