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  • European Union selects selects Apple Inc's (NASDAQ:AAPL) iPhone over Blackberry

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    Tuesday August 5, 2010 at 09:20 pm EST

    European Union Commission Officials Trust  Apple Inc.'s (NASDAQ:AAPL) iPhone over security issue 

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    The European Union Commission has chosen Apple Inc.'s (NASDAQ:AAPL) iPhone over Research in Motion's Blackberry, a spokesman told reporters last week.

    As reported by Reuters, "The EU's executive arm, which employs more than 32,000 people, reviewed its choice of smartphone against a number of criteria, including security and financial impact, when it deployed a new technology platform in 2008." Apple Inc. (NASDAQ:AAPL) is believed to be in a better position in the Smartphone Market compared to its competitors..

    It is important to note that this announcement has came at the time when UAE and Saudi governments have shown concerns over using Blackberry devices  for security issues. They also plan to cut select BlackBerry services if talks with Research in Motion fail to produce a mutual agreement.

    Shares of Apple Inc. (NASDAQ:AAPL) ended slightly lower Wednesday at $259.41. Apple Inc. shares are at resistance level currently. The Next resistance level for Apple Inc. (NASDAQ:AAPL) is $272.6 . While Support levels for Apple Inc. (NASDAQ:AAPL) stock are at $252.8 and $246.6. There are few chances of a rally but none for a breakout as of now.

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