Will Apple Intrude on Facebook’s Turf?

Apple (NASDAQ:AAPL) could have a social network in the works, based on a patent it first filed with the U.S. Patent and Trademark Office in 2010.

Is Apple now a once-in-a-decade buying opportunity? Click here to get your 24-page Ultimate Cheat Sheet to Apple’s Stock now!

The current patent received approval from the U.S. PTO on Tuesday and could be the basis for a new social network, or at least a “friend service” run by Apple that could have features that users on other social networks might desire.

This wouldn’t be Apple’s first attempt at a social network, as some people may remember the day when Ping showed up in iTunes in 2010, and tried to create a music-focused social network, but largely failed to pull in users.

Considering the date of the original patent on the social network system, it’s possible that it was first envisioned for use in Ping, though that is most likely out of the question now…

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Premium Newsletters

Stock Investor Cheat Sheet

Stock Investor Cheat Sheet®

The ultimate Cheat Sheet for finding winning stock picks.
Learn More

Gold & Silver Newsletter

Gold & Silver

Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
Learn More

Commodities Premium Newsletter

Commodities Premium

There's always a bull market in some sector! Find the best opportunities in commodities.
Learn more

ETF Investing

ETF Investing

At last, a trading system that buys the right ETFs at the right time, time after time!
Learn more

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business