Recently, Apple made an announcement regarding a major update to Apple Maps. With growing Maps initiatives, Alphabet ups the competition for Apple ( AAPL Quick Quote AAPL - Free Report), which is a notable player in the digital map space.Īpple, which has lost 6.7% in the past year, is witnessing solid momentum among customers on the back of its location-showing services.Īpple’s web mapping service, Apple Maps, provides directions and an estimated arrival time for driving, walking, cycling and public transportation navigation. Shares of GOOGL have moved down 25.6% over the past year compared with the Computer and Technology sector’s decline of 15.3%. Strengthening financial performance will aid GOOGL in winning investors’ confidence in the near term. Google Services generated $67.84 billion revenues in fourth-quarter 2022, accounting for 89.2% of the total revenues. This, in turn, is likely to get reflected in the performance of the Google Services segment, which will benefit Alphabet’s overall financial performance. Google is making efforts to show estimated toll prices for planned routes on Google Maps to users of Android and iOS.Īll these endeavors will continue to help Google build momentum among its users. The addition of a widget to Google Maps that updates information on nearby traffic at the user’s current location remains a positive. This, in turn, will prevent users from re-searching for their previously viewed locations, which will be accessible via the sidebar. Quote Growing Google Maps InitiativesĪpart from the latest move, Google is reportedly testing a web sidebar to provide quick access to recently viewed places.
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