Apple is "deeply apologetic" that some users in China had been pilfered by assailants — but at the same time noted that the attacks would have been prevented had the victims been using security measures that Apple enables to protect accounts from such thefts.
Despite other data sources to the contrary, Goldman Sachs' Rod Hall is afraid of a slowdown in the Chinese iPhone market that may dramatically impact Apple's quarterly earnings, and future prospects in the region.
Two major mobile payments companies in China have asked Apple to help reduce theft on their platforms, where customers' funds are being drained by criminals using stolen Apple IDs connected to their payment accounts for fraudulent App Store purchases.
Given the weakness of Chinese device manufacturers, and a lack of innovation in new products by them, noted analyst Ming-Chi Kuo is expecting Apple to have a good local debut in a critical October holiday period.
Apple CEO Tim Cook continued his latest China tour on Wednesday with a visit to a Beijing high school that integrates iPad and Apple Pencil into its learning curriculum, moves that one report suggests are part of a plan to remain in Chinese consumers' good graces.
Media personalities have been bending over backward to find a way to square the claims made by Bloomberg in its "China Hack" story with a series of strongly worded denials from Amazon and Apple insisting that the report was "wrong and misinformed." However, there is solid evidence that Bloomberg has previously published a series of false claims before, either from a lack of research coupled with bad perspective, or possibly to simply craft a dramatic narrative.
A pair of senators have written to Supermicro requesting more information about events detailed in the recent Bloomberg investigation alleging the company's servers were compromised, in an attempt to find out if it is a risk to the national security of the United States.
Bloomberg is doubling down on its investigative report claiming servers belonging to Apple, Amazon, and other major organizations were tampered by China, by citing documents and analysis from a security expert working for a major telecommunications firm.
Apple has spent the last five years combatting fraud relating to iPhone repairs in China, where parts were stolen from working iPhones and were submitted for repair under warranty, a problem that reportedly cost billions of dollars and forced Apple to investigate.
Security researcher Joe Fitzpatrick, one of the few sources named in Bloomberg Businessweek's bombshell China hack investigation, in a podcast this week said he felt uneasy after reading the article in part because its claims almost perfectly echoed theories on hardware implants he shared with journalist Jordan Robertson.
Apple reportedly launched a wide-reaching internal investigation into an explosive report claiming Chinese spies compromised its servers in what boils down to a complex supply chain hack, but came up empty in its examination.
This summer, Samsung Electronics reported a 22 percent drop in mobile revenues and a 34 percent collapse in year-on-year profits in its IM division, which includes smartphones, tablets, PCs, watches, and other products comparable to Apple's business. Over the same three months, Apple reported a greater than 17 percent increase in both its revenues and profits. Why is the world's largest phone maker by unit volume performing so poorly?
Apple products including the Apple Watch and AirPods may be spared from being subjected to fees stemming from the ongoing Chinese trade war, a report claims, with the product code associated with the devices apparently excluded from the Trump Administration's tariff plans.
Apple in a letter to the U.S. Trade Representative said President Donald Trump's proposed Chinese tariffs could impact the Apple Watch and some other important products, making them more expensive for domestic buyers.