New Apple Inc. (NASDAQ:AAPL) iPhone app ‘Cycloramic’ praised by Steve Wozniak

Posted by on Dec 31, 2012

Steve Wozniak, who is best known as the co-founder of Apple Inc. (NASDAQ:AAPL) with Steve Jobs, becomes fan of a new iPhone app that helps you create video panoramas using the mobile’s vibrate function. Cycloramic, one of the most dazzling apps this year, is an iPhone app that takes help from the vibrate function to gradually rotate the phone while it stands on its end, creating a 360-degree video panorama in the process.

The Telegraph reports Steve Wozniak made a panorama of his kitchen and said the app was a surprise, fanciful and useful all at the same time. The app was introduced a week ago by Bruno and Rebecca Francois, an Anglo-French couple who live in the US. With this app, the phone vibrates just enough to steadily spin around, as long as the mobile is standing upright on a smooth surface. The developers claim that the app supports well with the iPhone 5, which has a different vibration motor versus older versions.

Shares of Apple Inc.(NASDAQ:AAPL)traded down -1.06% during trading yesterday, hitting $509.59 on NASDAQ, whose benchmark S&P 500 dropped -15.67 points to 1,402.43 points. The latest closing price is 27.40% off the 52-week high of $705.07 and +28.37% above the 52-week low of $403.49. At that price, shares moved down -9.82% from the 50-day simple moving average and down -14.64% than 200-day average.

How a stock moves along with the market depends on its volatility and for this stock, the volatility of 1.62% was seen in a week and for the month was 2.56%. The majority of analysts covering AAPL stock believe it will struggle to hit 741.38.

A total of 12.65 million shares changed hands with price floating in a range of $508.12 – $514.48. However, its 30-day average volume stands at 4 million shares. The year-to-date (YTD) performance reflected a 26.94% gain above last year. During the past month the stock dropped-12.58%, bringing three-month performance to -23.04% and six-month performance to -10.551%.

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