Apple to roll out improved version of Maps
San Francisco, July 1: To offers its users a better navigation tool, Apple is reportedly re-building its Maps platform by using data collected by iPhones and a fleet of cars parked with sensors and cameras.
The new product will launch in San Francisco and the Bay Area with the next iOS 12 beta and will cover Northern California by autumn, Techcrunch reported on Saturday.
The updated maps, which have been in the making for four years now, will eventually be available on all versions of iOS, it added.
Besides making the maps more visually rich, Apple is designing them to be more responsive to changes in roadways and construction and give users a detailed view of various things on their way including more detailed ground cover, foliage, pools and pedestrian pathways.
"We have been working on trying to create what we hope is going to be the best map app in the world, taking it to the next step. That is building all of our own map data from the ground up," Apple's Senior Vice President Eddy Cue was quoted as saying.
Apple's Maps has been a major concern for users since the very beginning of its launch. Despite its efforts to patch holes from time to time, many users felt the maps had scope for improvement.
Eventually, Apple will no longer rely on third-party data to provide the basis for its maps, which has been one of its major pitfalls from the beginning, the Techcrunch report added.
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Sensex, Nifty nosedive over 5 percent in early trade in tandem with global markets meltdown
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Mumbai (PTI): Stock market benchmark indices went into a tailspin in early trade on Monday, with the Sensex and Nifty crashing over 5 percent, mirroring a sharp fall in global equities, after US President Donald Trump's tariff hikes and retaliation from China fanned fears that a full-blown trade war will impact economic growth across the globe.
The 30-share BSE benchmark Sensex crashed 3,939.68 points or 5.22 percent to 71,425.01 in early trade. The NSE Nifty tumbled 1,160.8 points or 5.06 percent to 21,743.65.
All the Sensex firms were trading in the negative territory. Tata Steel dropped over 8 percent, followed by Tata Motors which cracked more than 7 per cent. HCL Technologies, Tech Mahindra, Infosys, Larsen & Toubro, Tata Consultancy Services and Reliance Industries were the other big laggards.
In Asian markets, Hong Kong's Hang Seng tanked nearly 11 percent, Tokyo's Nikkei 225 plunged nearly 7 percent, Shanghai SSE Composite index dropped over 6 percent and South Korea's Kospi index sank 5 percent.
US markets ended sharply lower on Friday. The S&P 500 plummeted 5.97 percent, Nasdaq composite slumped 5.82 percent and the Dow tumbled 5.50 percent on Friday.
"Both China and Japan index declined by 10 percent and 8 percent, respectively. This escalates the stakes in the ongoing trade war and raises concerns about a potential global recession that could affect everyone. On Friday, the US S&P 500 dropped by 6 percent, and the Dow Jones fell more than 2,000 points, marking its worst week since the COVID-19 crisis. This came after China announced it would impose reciprocal 34 percent tariffs on all US imports starting April 10," Vikas Jain, Head of Research at Reliance Securities, said.
The sharp increase in tariffs by both the US and China could lead to higher inflation, slower global growth, and intensify trade tensions, he added.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,483.98 crore on Friday, according to exchange data.
Global oil benchmark Brent crude dropped 2.74 percent to USD 63.78 a barrel.
On Friday, the Sensex tumbled 930.67 points or 1.22 percent to settle at 75,364.69. The Nifty declined 345.65 points or 1.49 percent to close at 22,904.45.
Last week, the Sensex tanked 2,050.23 points or 2.64 percent, while the NSE Nifty declined 614.8 points or 2.61 percent.
