The China Consumer Association is calling on Apple to fully compensate people who lost money as a result of stolen iCloud accounts, arguing the company is downplaying a recent security breach.
Katy Huberty from Morgan Stanley has taken a look at Apple's App Store numbers in China, and while there does appear to be a combination of factors provoking a short-term stall in growth for Apple's iOS App Store, earnings will still be massive, and long-term Services revenue won't be impacted much, if at all.
Taiwan-based chip manufacturer TSMC is predicting modest growth in the new quarter, suggesting that production of smartphone chips — particularly for Apple's iPhone — will offset not just weakness in cryptocurrency mining, but risks caused by the ongoing trade war between the U.S. and China.
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.
Apple's CEO is making a surprise tour of Shanghai, possibly in response to the controversy over a report claiming Chinese spy chips were inserted into Apple servers.
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 hasn't detected unusual transmissions or other evidence servers were infiltrated with Chinese spy chips, the company's VP of Information Security insisted in a letter to Congress on Sunday.
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's iMessage-based Business Chat platform is now available in many more countries, having originally launched as a U.S. exclusive earlier this year.
The day after the U.S. announced $200 billion worth of tariffs on Chinese imports, China has struck back with $60 billion in new tariffs of their own.
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.
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Roger Fingas
Mike Wuerthele
Malcolm Owen
Mikey Campbell
Daniel Eran Dilger
Stephen Silver
