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Former Apple lawyer charged with insider trading

Former Apple lawyer charged with insider trading

Technology
US prosecutors have charged a former top Apple lawyer with insider trading.Gene Levoff is accused of using confidential information to trade the firm's securities for personal gain.Mr Levoff, who was responsible for ensuring compliance with Apple's insider trading policies, is accused of breaching those policies on several occasions.Apple fired him last year after being contacted by authorities and conducting an internal investigation. The US Securities Exchange Commission (SEC) said Mr Levoff engaged in insider trading various times between 2011 and 2016."Levoff's alleged exploitation of his access to Apple's financial information was particularly egregious given his responsibility for implementing the company's insider trading compliance policy," Antoni...
Apple to investigate Saudi app

Apple to investigate Saudi app

Technology
A Saudi Arabian app that can be used to track women and prevent them from travelling will be investigated by Apple, its chief executive has said.In an interview with NPR, Tim Cook said he wasn't aware of the Absher app but would look into it.The app, which offers access to government services, has been criticised by human rights groups. Democratic senator Ron Wyden has called for Apple and Google to remove it from their stores.Women in Saudi Arabia need to get permission to leave the country from a male guardian, usually a father or husband.The Absher app, which is designed for a range of government services, such as renewing driving licences, makes the process of allowing or prohibiting travel a lot easier, and it can be done vi...
Morgan Stanley: Here's how Apple could send its stock soaring by 27% this year

Morgan Stanley: Here's how Apple could send its stock soaring by 27% this year

Finance
Apple has made quite a comeback since it reported better-than-feared earnings, but many investors have little faith that the iPhone-maker can return to a $ 1 trillion market value with slowing smartphone demand. Morgan Stanley, however, disagrees. In fact, the bank said life beyond iPhone could extend this week's 7 percent relief rally to another 27 percent gain from here this year. A slew of new services launching in 2019, including video streaming and a media bundle will be a big driver for Apple, according to Morgan Stanley's Katy Huberty. Apple plans to debut its v...
Apple hints at lower iPhone prices as sales fall

Apple hints at lower iPhone prices as sales fall

Technology
Apple boss Tim Cook has hinted it could lower iPhone prices in some places in an attempt to boost falling sales.Revenue from the iPhone, responsible for most of the firm's profits, fell 15% in its latest financial quarter.Overall the firm's revenue was down 5% from a year ago to about $ 84.3bn (£64.5bn).The slowdown had been expected after the tech giant warned investors earlier this month that revenue would be about $ 84bn, lower than expected.The firm had blamed the issues partly on an economic slowdown in China.But chief executive Tim Cook said customers were also struggling with the firm's high prices.He said a strong dollar, which makes its products comparatively more expensive, had hurt its sales in emerging markets.M...
Apple to fix FaceTime bug that allows eavesdropping

Apple to fix FaceTime bug that allows eavesdropping

Technology
Apple has disabled a group-chat function in FaceTime after users said a software bug could let callers activate another person's microphone remotely. With the bug, a FaceTime user calling another iPhone, iPad or Mac computer could hear audio — even if the receiver did not accept the call. The bug is triggered when callers add themselves to the same call to launch a group chat. That makes FaceTime think the receiver had accepted the chat. The bug, demonstrated through videos online , comes as an embarrassment for a company that is trying to distinguish itself by stressing its commitment to users' privacy. "This is a big hit to their brand," said Dave Kennedy, CEO of Ohio-based security firm TrustedSec. "There's been a long period of time people could have used that to eavesdrop. The...