Monday, March 7, 2011

The Era of Paper Charts ended in the Cockpits by Apple IPods

The Apple Inc. (AAPL)’s iPad gained the approval from the US regulators to display navigational charts for some charter pilots, a step that may speed the end of the decades old tradition of paper maps in the cockpit.

An agency spokesman, Les Dorr, disclose that with the Federal Aviation Administration endorsing iPads in a test project at Executive Jet Management, a unit of Warren Buffett’s NetJets, the way is open for pilots at airlines and other commercial carriers to seek authorization for the devices.

Apple’s tablet wasn’t cleared as a navigation device in a professional cockpit until FAA’s Feb 01, approval to Cincinnati based Executive Jet, whose parent, NetJets, is owned by Buffett’s Berkshire Hathaway Inc. (BRK/A) Executive Jet said it made 250 flights as part of the certification process.

Apple Inc. (NASDAQ:AAPL) has the earnings of 16.64 billion and has the revenue of 76.28 billion. The stocks has a mean distance of 2.21% from 20-days simple moving average and 5.29% form 50-days moving average and has 921.28 million outstanding shares,

Apple Inc. (Apple) designs, manufactures and markets a range of personal computers, mobile communication and media devices, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. It’s products and services include Macintosh (Mac) computers, iPhone, iPad, iPod, Apple TV, Xserve, a portfolio of consumer and professional software applications, the Mac OS X and iOS operating systems, third-party digital content and applications through the iTunes Store, and a range of accessory, service and support offerings. The Company sells its products globally through its retail stores, online stores, and direct sales force and third-party cellular network carriers, wholesalers, retailers, and value-added resellers. As of September 25, 2010, the Company had opened a total of 317 retail stores, including 233 stores in the United States and 84 stores internationally.

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