Apple Inc (NASDAQ:AAPL) Has Acquired Primesense For An Amount Of $345M


Dallas, Texas 11/20/2013 (Financialstrend) – Apple Inc (NASDAQ:AAPL) has acquired PrimeSense for an amount of $345M. This is an Israel-based maker of chips that enables 3D machine-vision. PrimeSense has raised $85M from the Israeli and United States venture-capital funds like Gemini Israel, Canaan Partners Global & Genesis Partners. The PrimeSense sensing-technology, gives digital-devices the ability to observe any scene in 3 dimension, was utilized to help power Microsoft’s Xbox-Kinect. This will be Apple Inc (NASDAQ:AAPL)’s 2nd purchase of an Israel-based company. In 2012 January, it had bought flash-storage chip maker.

Tuesday’s trading

In Tuesday’s trading session, Apple Inc (NASDAQ:AAPL) rose by 0.18%. The shares opened at a price of $519.03, which touched the intraday high of $523.38 and headed to a close of $519.55. Approximately 7.46M shares were traded over Tuesday and an average volume of 11.10 million shares were traded over a 30 day period. The 52-week low of Apple Inc (NASDAQ:AAPL) shares is $385.10 and its 52-week high is $594.59. Apple Inc (NASDAQ:AAPL) has a market capitalization of $467.46 billion.

About the company

Apple Inc (NASDAQ:AAPL) is involved in designing, manufacturing and marketing of mobile communication &media devices, and portable digital-music players, personal computers, as well as a range of related software, peripherals, services, networking solutions & 3rdparty digital content & applications. Apple Inc (NASDAQ:AAPL)’s products & services include iPhone, Mac, iPad, iPod, Apple TV as well as a portfolio of consumer & professional-software applications. The company also has the iCloud, iOS 8 and OS X operating systems, as well as a range of accessory, service & support offerings.

Apple Inc (NASDAQ:AAPL) also delivers digital-content & applications via the App StoreSM, iTunes Store, iBookstoreSM & Mac App Store. its distributes all its products globally via its online stores, retail stores 7 direct sales force and via 3rd party cellular network-carriers, retailers, wholesalers 7 value-added resellers.