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Apple files stored by teen in 'hacky hack hack' folder

Apple files stored by teen in 'hacky hack hack' folder

Technology
A teenage boy from Australia has pleaded guilty to hacking into Apple's network and downloading internal files, according to reports.The 16-year-old accessed 90 gigabytes worth of files, breaking into the system many times over the course of a year from his suburban home in Melbourne, reports The Age newspaper.It says he stored the documents in a folder called 'hacky hack hack'.Apple insists that no customer data was compromised.But The Age reports that the boy had accessed customer accounts.In a statement to the BBC, Apple said: "We vigilantly protect our networks and have dedicated teams of information security professionals that work to detect and respond to threats. "In this case, our teams discovered the unauthorised access,...
Apple becomes first trillion dollar US company

Apple becomes first trillion dollar US company

Technology
During the day, the share price of the iPhone maker jumped by 2.8% to $ 207.05, passing the $ 1tn (£762bn) mark in New York trading.Its stock has soared 9% since Tuesday when Apple's third-quarter earnings exceeded Wall Street's expectations.The company, which was started in a garage in Palo Alto by Steve Jobs and Steve Wozniak in 1976, has transformed the way people communicate with its ubiquitous iPhone. When the iPhone was introduced in 2007 it kicked off a smartphone revolution, leaving the giants of the mobile phone industry Nokia and Blackberry struggling for survival.Alphabet, the parent of Google, scrambled to provide its Android software to power mobile phones, making sure Apple didn't steal a huge march on rivals.That helped Samsung to become the world's biggest mobile pho...
Five big things that have made Apple

Five big things that have made Apple

Business
Media playback is unsupported on your device It's been called the most successful company in history.And it's just become the world's first public company to be worth $ 1 trillion (£767bn).So how's it done it?Here's a quick look at five of the biggest things that have helped make Apple the gigantic success story it is today.1. Steve Jobs - a brand unto himselfAs the co-founder of one of the world's most successful companies, his is one of the most recognised names in the world of tech. He put Apple at the forefront of the personal computing revolution, and was behind a suite of revolutionary, highly desirable products - from the iPod to the iPad. But he was also recognised as one of the modern world's first auteur chief executives - and ...
Financial fruit: Apple becomes 1st trillion-dollar company

Financial fruit: Apple becomes 1st trillion-dollar company

Technology
Apple is the world's first publicly traded company to be valued at $ 1 trillion, the financial fruit of stylish technology that has redefined what we expect from our gadgets. The milestone reached Thursday marks the latest triumph of a trend-setting company that two mavericks named Steve started in a Silicon Valley garage 42 years ago. Apple's shares gained $ 5.89 to close at $ 207.39, leaving the company's market value a notch above $ 1 trillion — around $ 1,001,679,220,000, according to FactSet. Apple sits atop a U.S. stock market that has become dominated by technology-centered companies: Amazon, Google's parent Alphabet, Microsoft and Facebook round out the top five in market value. The achievement seemed unimaginable in 1997 when Apple teetered on the edge of bankruptcy, with ...
Apple boosted by selling more expensive iPhones

Apple boosted by selling more expensive iPhones

Business
Apple sold fewer iPhones than expected in its most recent quarter but their higher price tag meant the tech giant still beat analyst forecasts.The firm said it sold 41.3 million iPhones in the three months to the end of June, up just 1% from last year. But the average iPhone selling price hit $ 724, well above the expected $ 694.The firm said its $ 999 iPhone X - launched last year - remained its most popular iPhone model in the quarter and had driven the higher sales price.Strong revenue growth of 31% from Apple's services business, which includes the App store, Apple Music and Apple Pay, also boosted its performance.Overall the tech giant's revenue jumped 17% year-on-year to $ 53.3bn (£40.6bn), with every region except Japan reporting double digit...