Tag: Apple

Apple Stocks Hit Record High on Buffet Praise

Apple Stocks Hit Record High on Buffet Praise

Apple shares hit an all time high of $185.18 last Monday, fueled by praises from billionaire investor Warren Buffett who revealed last week that his company had bought 75 million shares of the iPhone maker which currently valued at around $11 billion. Buffett even said that he loved the stock so much that he’s own 100% of it if he could. Apple CEO Tim Cook sent back some reciprocal praise on Buffett’s remarks, saying that he had always greatly admired the man and have always been grateful for his insight and advice. Buffett’s investment firm, Berkshire Hathaway, is now the […]

Tech Giants, Investors, to Watch Korean Summit Closely

Tech Giants, Investors, to Watch Korean Summit Closely

Analysts said this week that tech giants such as Apple, Samsung, and their investors will be monitoring the historic meeting of the Korean leaders which is expected to have a profound impact reaching beyond the peninsula. Companies such as Sony and Apple all heavily rely on components manufactured in South Korea. The country is also home to two of the largest flat panel display manufacturers and Samsung, a world leader in memory chips and any disruption to the supply of components would significantly affect the global economy. Source: CNBC

New EU Proposal Expected to Constrain Tech Giants Business Practices

New EU Proposal Expected to Constrain Tech Giants Business Practices

It was reported last Thursday that the European Union is proposing a new law that would impact the commercial relations of tech giants such as Google, Apple, and Amazon with smaller businesses.   The new rules will require services such as app stores and search engines to be more transparent on how they rank results. It will also give companies the right to sue online platforms that do not practice non-discrimination and transparency. EU Commissioner for the Digital Economy Mariya Gabriel stressed that while platforms and search engines are important channels that help European businesses reach consumers, it must be […]

Russian Telecoms Watchdog Asks Google, Apple to Remove Telegram from Stores

Russian Telecoms Watchdog Asks Google, Apple to Remove Telegram from Stores

Russia’s state telecommunications regulator, Roskomnadzor, had reportedly requested US tech giants Google and Apple to remove the messaging app Telegram from their download stores. Russia had officially banned the encrypted messaging service in the country after CEO Pavel Durov had refused to surrender private user data to the FSB. Durov also announced a few days ago that Telegram may still work despite the ban, but not at 100% without a VPN. Source: CNBC

Australian Ministers, Google, Apple to Meet for Cybersecurity

Australian Ministers, Google, Apple to Meet for Cybersecurity

It was reported this week that the Australian government has sent a number of officials and cybersecurity experts to the RSA Conference in the US to show off local talent and deepen cyber-alliance ties between the two countries. Minister for Law Enforcement and Cyber Security Angus Taylor, Commonwealth Cyber Coordinator Alastair MacGibbon, and Australian Federal Police Assistant Commissioner Neil Gaughan is set to meet with officials from Washington, Department of Homeland Security, and the FBI this week. The will also be having a meeting with representatives from Apple, Google, Paypal, and Twitter to discuss tech challenges faced by law enforcement. […]

UK Lawmaker Calls for Review of Monopolization of Data by US Firms

UK Lawmaker Calls for Review of Monopolization of Data by US Firms

In a report on ethical AI development released Monday by the House of Lords committee, a witness warned against the “unprecedented concentration of wealth and power in a small number of corporations” such as Alibaba, Alphabet, Amazon, Apple, Facebook, Microsoft and Tencent. The committee called on regulators to review the “potential monopolization of data” by US technology firms in the UK which, according to them, could hamper homegrown development of artificial intelligence. It was also recommended in the report that a national and international “AI code” be created to protect the data rights or privacy of individuals, families or communities. […]

Apple to Use Own Chips Instead of Intel’s by 2020

Apple to Use Own Chips Instead of Intel’s by 2020

Industry sources recently revealed that Apple may start to use its own chips in Macs to replace Intel’s by 2020. The initiative, called Kalamata, is part of a larger strategy which seeks to make all of Apple’s devices work together seamlessly. However, the move is expected to deal a significant blow to Intel whose business with Apple accounts for 5% of its annual revenue. All iPhones, iPads, Apple Watches, and Apple TVs currently use Apple-designed ARM processors, and it is said that using its own chips on Macs would let the phone maker release new models based on its own […]

OIG Report Says FBI Was Quick to Sue Apple, Did Not Explore Other Options

OIG Report Says FBI Was Quick to Sue Apple, Did Not Explore Other Options

Earlier this week, a report issued by the Office of the Inspector General said that the FBI had been to quick to threaten Apple with a lawsuit instead of exploring other options when it sought to compel the phone maker to unlock the iPhone used in the 2015 San Bernardino attack. The FBI said that Apple refused to cooperate with their investigation and thus resorted to take legal action, which the Bureau did not pursue when a third-party came forward with a working solution to unlock the phone. However, the OIG inquiry found that the FBI did not exhaust all […]

Indian Regulator, Apple Caught in a Deadlock on Anti-spam App

Indian Regulator, Apple Caught in a Deadlock on Anti-spam App

Apple and the Telecom Regulatory Authority of India (TRAI) is said to be at an impasse on the issue of the government’s anti-spam app which could compromise user privacy. Apple said that it is willing to offer help to the regulator to develop its ”Do Not Disturb” app which users are supposed to use to report unsolicited calls or texts. However, the app requires its users to provide broad access to call and text logs on the device which Apple refuses to provide. The Android version of the app already provides permissions specified by the TRAI. TRAI head R.S. Sharma […]

Apple, Google Reputation Drop in New Survey

Apple, Google Reputation Drop in New Survey

Last Tuesday, the latest annual Harris Poll Reputation Quotient survey showed a decline in Apple and Google’s brand, with the former sliding from 5th to 29th and the latter from 8th to 28th. Harris Poll CEO John Gerzema said that the drop could be attributed to the failure of both companies to release any attention-grabbing products. Gerzema added that projects that the companies had been working on, such as self-driving cars and artificial intelligence, are “not quite there yet”. Amazon remained at the top spot which may be due to its acquisition of Whole Foods, while Tesla went up from […]