Shares of Apple were gaining 0.2% to $114.32, and shares of IBM were falling 0.4% to $162.27 following the release of the apps.
The new IBM MobileFirst for iOS apps bring big data analytics and security features to the iPhone and iPad for banking, retail, insurance, financial services, and telecommunications companies as well as governments and airlines.
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The suite includes apps that let pilots view flights plans and manifests before taking off, give bankers the ability to help manage client portfolios with predictive analytics, give sales associates tools to help customers with in-store inventory information, and provide law enforcement officers with real-time access to maps and video feeds at incident locations.
"This is a big step for iPhone and iPad in the enterprise, and we can't wait to see the exciting new ways organizations will put iOS devices to work," Apple senior vice president of Worldwide Marketing Philip Schiller said in a statement.
TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate APPLE INC (AAPL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."