Category: Technology

Apple is such a target rich environment of bad news that it’s no wonder that they have fallen in value and deservedly so. Apple’s Store is full of spyware and security flaws, they have legal troubles that are concerning, they have quit innovating. Below I will give you a brief summary of each article and a link to read it for yourself but be ready to be shocked. I don’t own any stock in FAANG companies but if you do, now would be a good time to sell.

Apple App Makers Spying on You

Many major companies, like Air Canada, Hollister and Expedia, are recording every tap and swipe you make on their iPhone apps. In most cases you won’t even realize it. And they don’t need to ask for permission.

Apps like Abercrombie & Fitch, Hotels.com and Singapore Airlines also use Glassbox, a customer experience analytics firm, one of a handful of companies that allows developers to embed “session replay” technology into their apps. These session replays let app developers record the screen and play them back to see how its users interacted with the app to figure out if something didn’t work or if there was an error. Every tap, button push and keyboard entry is recorded — effectively screenshotted — and sent back to the app developers.
Or, as Glassbox said in a recent tweet: “Imagine if your website or mobile app could see exactly what your customers do in real time, and why they did it?”

Apps that are submitted to Apple’s App Store must have a privacy policy, but none of the apps we reviewed make it clear in their policies that they record a user’s screen. Glassbox doesn’t require any special permission from Apple or from the user, so there’s no way a user would know.

Glassbox is one of many session replay services on the market. Appsee actively markets its “user recording” technology that lets developers “see your app through your user’s eyes,” while UXCam says it lets developers “watch recordings of your users’ sessions, including all their gestures and triggered events.”

Many popular iPhone apps secretly record your screen without asking

Apple Allows User to Spy on Each Other

Apple has released an iPhone update to fix a software flaw that allowed people to eavesdrop on others while using FaceTime.
The bug enabled interlopers to turn an iPhone into a live microphone while using Group FaceTime. Callers were able to activate another person’s microphone remotely even before the person has accepted or rejected the call.
Apple turned off the group-chat feature last week, after a 14-year-old boy in Tucson, Arizona, discovered the flaw. The teenager, Grant Thompson, and his mother said they unsuccessfully tried to contact the company about the problem for more than a week.

Apple releases update to prevent FaceTime eavesdropping

FYI: Apple will never admit fault or flaws with any product or service until it has been made public and the publicity has embarrassed the crap out of them. This and the fact that their PC market share is so small has allowed them to falsely claim that they are more secure than Windows. Their iPhone apps are a mess despite their claims.

Turns out is not just Facebook and Google who are misusing Apple’s Enterprise Certificate Program to distribute apps which would not pass Apple’s App Store approval process. Techcrunch has discovered that hundreds of companies are distributing pornography and gambling apps to members of the public using the certificate system designed for only internal use.

The news, however, underlines that the supposedly safe and secure iPhone ecosystem has a rather seedy underbelly…

Turns out Apple’s Enterprise Certificate Program is hiding a multitude of sinful apps

Apple Guilt of Patent Infringement

As previously reported on this blog, Apple iPhones have been banned for sale in China and Germany due to patent infringement. Here is an update on the story from a German Court.

Apple and Qualcomm have been at loggerheads for a while now, with the firm suing Apple over its alleged patent infringement. Qualcomm won a victory against Apple in Germany, acquiring an injunction which would stop Apple from selling iPhone models that used Intel chips in their retail stores, forcing Apple to pull their devices from sale both in-store and online.

Apple as of now has resumed sales of its iPhone 7 and 8 family of devices with Qualcomm chips in Germany.

Apple will only sell Qualcomm equipped iPhones in Germany as lawsuit rages on

Apple Exec Busted for Insider Trading

The Securities and Exchange Commission has brought suit against Gene Daniel Levoff, who was Apple’s senior director of corporate law until September 2018. Levoff is accused of using his position to make illegal trades of Apple shares.
Levoff was part of Apple’s Disclosure Committee—one of the people who could review the company’s quarterly financial reports ahead of their publication. The SEC maintains that he used nonpublic information obtained as part of the committee to inform trades he made of Apple shares. For example, in July 2015 he learned that Apple was going to miss analyst estimates for iPhone unit sales. Between July 17 and July 21, when Apple published its quarterly earnings report, he sold nearly his entire holding of Apple stock, totaling nearly $10 million. When the news became public, Apple’s share price dropped by more than 4 percent—selling early avoided losses of approximately $345,000.

Apple’s insider-trading policy enforcer accused of insider trading

Considering what they did to Martha Stewart for $50K, they better throw the book at this guy.

Apple Stops Innovating iPhone

Apple’s cash cow—the iPhone—for the last decade is running out of steam and new ideas. As reported here previously, they have no plans to release a true 5G phone in 2019, they are reportedly going to shift to USB-C connector in 2020 (more on this in a minute), they have announced no R & D for a foldable tablet or phone, and they are shifting to an Android style display. But still no micro USB memory slot.

As per the report, Apple is also planning to shift its display technology to OLED for the 2019 iPhone family of devices. OLED displays are more visually appealing than LCDs subjectively speaking and show deeper blacks and greater contrast. In other words, they ‘pop’ more and look prettier in stores. They also tend to feature on higher-end Android smartphones, something Apple may be reacting to as sales fall in China and India as consumers prefer their own homegrown, full-featured Android smartphones.

Apple is planning 3 new iPhones for 2019, considering all OLED lineup for 2020

Apple Shift from Products to Services

Apple has stopped reporting sales numbers for any devices on their quarterly stock reports due to declining sales but since they have fallen into the 90 Calendar trap, they are trying a new way to improve their cash flow. The new idea is to fleece their flock by offering subscription services. As such they are rolling out two new services, a subscription news service and a streaming service.

Apple, is expected to have a March 25 event at its Cupertino campus, where it could introduce the entertainment service, a new magazine subscription app and an update to its popular AirPods wireless earbuds.
Apple, coming off declining iPhone sales, is looking to make up the difference.

…Apple will offer the service for free for the first three months, as an app, like iTunes, available on iPhones, iPads, computers and via the Apple TV set-top box and then begin charging. His prediction: $3 monthly if bundled with Apple’s current $9.99 Apple Music offering, or $6.99 as a stand-alone product.
That’s a good deal cheaper than industry leader Netflix, which charges $11.99 for its most popular rate, but then Apple will have a tiny library in comparison. CBS, which also debuted with a smaller library for its All Access offering of originals (new Star Trek, and a sequel to the Good Wife) and library titles like Perry Mason and Cheers, charges $5.99 monthly, with ads, or $9.99 ad-free.
Apple’s track record in entertainment isn’t stellar. It debuted two new series in 2017, the widely panned Planet of the Apps reality show in 2017 and an extended version of the CBS late night comedy bit Carpool Karaoke. It also debuted in 2017 with five episodes, but hasn’t been heard from since.
Apple reported falling iPhone sales in its most recent earnings report, down 15 percent for the holiday quarter, but a booming business for its Services, which includes iCloud online storage, Apple Music and iTunes movie rentals. The company said Services revenue rose $10.9 billion, or 19 percent, over the previous year.

Report: Apple’s entertainment service could launch very soon

Are people really willing to pay $7 or more to watch shows they can only view on their phones? Color me skeptical. At lest with USB-C phones, you can hook them up to a computer monitor or television and view the content but a phone only person? You already have Netflix, Amazon, Hulu, CBS All Access plus Disney and Warner are starting their own streaming services; all of which you can watch on any device that you own. Apple is late to the party and they only plan to let you watch on their devices. Lastly, as mentioned above, content is going to be a problem. Heck Netflix is suffering due to the content pulled already for services that aren’t even live yet.

Apple is planning to launch an all-you-can-read news subscription service, but is running into resistance from The New York Times Co. and Washington Post, both of which want better terms, the Wall Street Journal reports.
Apple’s negotiators are reportedly floating an all-in-one news subscription plan that would cost consumers $10 per month, with Apple keeping half, and the remaining money getting split among all the other publishers on the platform, based on how much time people spend reading stories from each outlet.

Apple News subscription service faces resistance from newspapers

Apple keeps half and gives crumbs to everyone else. Also please note that they are the ones that decide how much to pay all the news contributors based on how many hits each story gets.

Conclusion

I keep saying Tim Cook is just a caretaker and I think I’ve been vindicated in spades on that claim. Apple is no longer a leader in next generation technology, instead, they are just interested in making the current generation more comfortable in their old age.

Ok so Apple lying in and of itself this is nothing new. Let’s look at their track record over the last few years.

• Apple throttles performance and battery life of their old phones to get people to buy new iPhones.
• Their top selling antivirus app for several years was in reality a spyware program.
• They trick gullible people into paying double or triple for inferior technology and their slick marketing affirms that their stuff is better when it is often obsolete or old tech.
• They steal tech from other people without attribution or proper payment of patented technology.
• Apple fails to offer features on their phones that have been available from other manufacturers for over a decade—can you say “SD Card”?

Given the above, why is it any wonder that they plan to lie to their customers yet again? We all know that Apple is the only cell phone manufacturer on the planet, and yes I do mean anywhere on planet Earth, that has publically stated they will NOT offer a 5G phone in 2019. But now this little gem shows up on tech websites today:

AT&T is planning to sell its updated 4G network as “5G Evolution” in the US. Even though your phone will be connected to an updated 4G network, you will see a “5G E” indicator on your phone. In the recently released iOS 12.2 beta release, Apple has added support for this fake 5G network.

If you are running iOS 12.2 beta on the latest iPhones (XR, XS, and XS Max), you will be seeing this new 5G E network indicator in over 400 markets. When AT&T launches real 5G network later this year, it will be indicated as “5G+”.

Apple adds support for fake 5G network in iOS 12.2

So Apple is just going to call 4G connectivity 5G just so they and AT&T can market a lie. Apple lies in hopes that their shareholders won’t continue to cry.

Folks by the international standards that have been set, what we call 4G in the United States is really not 4G speed. The designation 4GLTE is “4G light”. This is their way of saying it’s not really 4G but faster than what we sold as 3G. Looks like a similar scheme is being rolled-out by Tim Cook and Ma Bell. AT&T and Apple are going to call something closer to a real 4G standard network as “5G Evolution”. Clearly this 5GE designation only exists in the minds of the marketing department.

Bottom line, if it’s an Apple product, it can’t run on a true 5G network, period. Any claim to the contrary is a lie. One I’m sure that will be used to separate people from their money at a $1,000 or more per phone. Apple’s iPhone, it’s not 5G, and still can’t use an SD Card.

Skynet is tracking you if you are a Netflix subscriber. OK, it’s not really steel robots with automatic weapons kicking in your door for violating their terms of service but it’s close.

The way it works, is that streaming service companies hire the UK firm Synamedia that uses AI, behavioral analytics and machine learning to monitor and analyse password sharing activity across user accounts, identify the rule breakers and detect the fine line between finding account sharers and harassing a customer.
“For example, the solution can determine whether users are viewing at their main home and a holiday home, or whether they have shared credentials with friends or grown-up children who live away from home.

If You Share Netflix Password With Others, an AI Could Hunt You Down

If you let your kids watch your Netflix account, they may be looking for you.

Research quoted by Synamedia reported that younger generations are used to accessing streaming services for free and rarely become paying customers.
The company revealed that 26% of millennials share passwords for video streaming services, while economic predictions indicate that in 2021, $9.9 billion of pay-tv revenues and $1.2 billion of over-the-top media services (OTT) revenues will be lost to credentials sharing.
“Casual credentials sharing is becoming too expensive to ignore. Our new solution gives operators the ability to take action. Many casual users will be happy to pay an additional fee for a premium, shared service with a greater number of concurrent users. It’s a great way to keep honest people honest while benefiting from an incremental revenue stream,” said Jean Marc Racine, CPO and GM EMEA of Synamedia.

Netflix and other streaming services know what you are watching and where you watch (via your network I.P. address) so why the third party tracking? Perhaps the A.I. will automatically notify you and send you a bill to upgrade your account to make what you watch legit? It’s not like they don’t use other algorithms and A.I. on your account, how do you think they get the 98 percent match on the suggested show?

Why is this sharing of data OK when Facebook is in deep doo-doo for sharing data with third party folks like Cambridge Analytica? The sharing by both companies was done in exchange for revenue and increased viewers, thus enhancing their stock value. Facebook’s only crime was that they did something that might have benefitted Republicans and for that they must be punished.

Which brings me to the other tech article of the day that is worth a read. It is published by the Hollywood Reporter. The article concerns a unique lawsuit against Facebook for the Cambridge Analytica story.

Cambridge Analytica parlayed its modest access to the lives of ordinary Facebook users and their family and friends into more and more information — enough to begin psychologically profiling American voters and then bombarding them with phony and real news.
And Facebook’s role?
“This kind of mass data collection was not only allowed but encouraged by Facebook, which sought to keep developers building on its platform and provide companies with all the tools they need to influence and manipulate user behavior,” states the March 23 lawsuit filed by Edelson. “That’s because Facebook is not a social media company; it is the largest data-mining operation in existence.”

What makes the Edelson lawsuit different is a name barely anyone knows: Kimberly Foxx, a state’s attorney, the top prosecutor in Cook County, Illinois. Edelson is ostensibly representing the people of Illinois through Foxx on a claim that Facebook engaged in unfair and deceptive conduct. Or, stated another way, a government official has outsourced law enforcement to a class-action attorney.
Edelson, having now been given the role of a Special Assistant State’s Attorney thanks to possessing the “required legal expertise,” as a court order confirming his appointment put it, aims to punish Facebook for violating The Illinois Consumer Fraud and Deceptive Business Practices Act. It carries massive repercussions, including $50,000 in civil penalties per violation, injunctive relief and — if egregious circumstances call for it — a lost business license to operate in the state. That’s right. Theoretically, Facebook could pay billions and be prohibited from offering its service in Illinois if it loses this lawsuit.

What if law enforcement was outsourced to class action attorneys? Don’t imagine. It’s happening as the Cambridge Analytica scandal becomes Mark Zuckerberg’s legal nightmare.

Edelson’s claim that “Facebook is not a social media company; it is the largest data-mining operation in existence” does make me wonder how he would describe Google or all the apps and devices reporting to your personal data to China or our National Security Agency—after all they are the only part of our government that listens.

Privacy in our society is an illusion; one I may discuss on another occasion.

If you needed proof that the apple doesn’t fall far from the tree, in the first recorded case of one silicon based life form murdering another, a Tesla vehicle on autopilot ran down an autonomous robot, Promobot, on the streets of Las Vegas. As a pedestrian, the robot clearly had the right of way along the busy Las Vegas Strip but the Tesla ran him down without even slowing, let alone attempting to stop.

According to Promobot, a number of robots were making their way to the booth around 7 p.m. when one of them stepped out of line and into the parking lot roadway.
As it did, it was struck by a Tesla Model S operating in autonomous mode.
The crash tipped the robot onto its side, causing ‘serious damage,’ Promobot says.
Now, with parts of its body, head, arm mechanisms, and movement platform destroyed, it cannot be put on display.
The firm says the damage is likely irreparable.

The Tesla involved in the collision was operating autonomously, though a passenger was inside at the time.
And, it continued driving another 50 meters after the accident before finally stopping.

Oops! Autonomous robot struck and ‘killed’ by a self-driving Tesla in Las Vegas ahead of CES

There is no word on whether the Tesla passenger will be filing a civil suit for the trauma of helplessly having to witness the robot being run over while trapped inside the rogue vehicle. Please note that the Tesla only decided to stop after realizing that it had struck a pedestrian.

I saw this article and thought it worthy of giving you the highlights.

WASHINGTON, Dec 27 (Reuters) – President Donald Trump is considering an executive order in the new year to declare a national emergency that would bar U.S. companies from using telecommunications equipment made by China’s Huawei and ZTE, three sources familiar with the situation told Reuters.
It would be the latest step by the Trump administration to cut Huawei Technologies Cos Ltd and ZTE Corp, two of China’s biggest network equipment companies, out of the U.S. market. The United States alleges that the two companies work at the behest of the Chinese government and that their equipment could be used to spy on Americans.
The executive order, which has been under consideration for more than eight months, could be issued as early as January and would direct the Commerce Department to block U.S. companies from buying equipment from foreign telecommunications makers that pose significant national security risks, sources from the telecoms industry and the administration said.

In March, FCC Chairman Ajit Pai said “hidden ‘back doors’ to our networks in routers, switches — and virtually any other type of telecommunications equipment – can provide an avenue for hostile governments to inject viruses, launch denial-of-service attacks, steal data, and more.”

The executive order would invoke the International Emergency Economic Powers Act, a law that gives the president the authority to regulate commerce in response to a national emergency that threatens the United States.
The issue has new urgency as U.S. wireless carriers look for partners as they prepare to adopt next generation 5G wireless networks.
The order follows the passage of a defense policy bill in August that barred the U.S. government itself from using Huawei and ZTE equipment.

Rural operators in the United States are among the biggest customers of Huawei and ZTE, and fear the executive order would also require them to rip out existing Chinese-made equipment without compensation. Industry officials are divided on whether the administration could legally compel operators to do that.

EXCLUSIVE-White House considers new year executive order to bar Huawei, ZTE purchases

I keep going back to the 1980’s and Japan’s mantra that “Business is war”. China has upped that idea to the Nth degree and average Americans could care less. China is not just an economic competitor but the biggest external threat to our freedom.

When a Chinese Court sided with Qualcomm last week in a patent dispute they are having with Apple, I thought perhaps it was a decision at the direction of the Chinese government in retaliation US tariffs as a result of President Trump’s trade policies but today we hear German Courts are also deciding in favor of Qualcomm.

After losing a battle in China, Apple has now lost in another court in its ongoing feud with Qualcomm. The firm has now been found to be infringing on Qualcomm’s power-saving patents in a court in Munich. The patent revolves around Qualcomm’s ‘envelope tracking’ technology which was allegedly infringed by Qorvo, one of Apple’s chip suppliers. A permanent injunction has been issued, stopping Apple from selling any infringing iPhones in Germany. Cupertino has also been found liable for any monetary damages suffered by Qualcomm, the amount of which has yet to be offered.
“Two respected courts in two different jurisdictions just in the past two weeks have now confirmed the value of Qualcomm’s patents and declared Apple an infringer, ordering a ban on iPhones in the important markets of Germany and China,” said Don Rosenberg, executive vice president and general counsel, Qualcomm Incorporated.
According to CNBC, Apple plans to appeal the judgement. It will continue to sell its newest iPhone X family of devices, but older phones like the iPhone & will no longer b sold in Apple’s own stores (but not carrier stores or third-party retailers) while the appeal process is ongoing.

Apple’s iPhone 7 and 8 are now banned from sale in Germany

Apple products being banned for sale in China and parts of Western Europe is a big deal. This news coupled with their unwillingness to release sales figures along with their financial reports from now on should really concern investors.

Apple will no longer report iPhone numbers after growth went to 0%, and analysts are now worried iPhone sales may decline

Also, remember that they will not be offering a 5G phone in 2019

Apple will skip 5G in 2019 report says

Apple already announced that they are dumping Intel processors in 2020.

Apple could dump Intel processors in 2020

By these and other actions, Apple has admitted that they are out of innovation and new ideas.

Really?

The big tech companies are collectively called FAANG

What are FAANG Stocks? 

FAANG is an acronym for the market’s five most popular and best-performing tech stocks, namely Facebook, Apple, Amazon, Netflix and Alphabet’s Google. FAANG was born out of the original acronym, FANG, which did not have Apple included when CNBC’s Jim Cramer coined the term.

BREAKING DOWN FAANG Stocks
Facebook (FB), Amazon (AMZN), Apple(AAPL), Netflix (NFLX), and Alphabet (GOOG) are the five technology giants trading publicly in the market today, as of 2017. Wall Street grouped these companies into one acronym to capture the collective impact that these companies have on the markets. As of Mar. 20, 2018, the market capitalization of these companies summed up to $472.38B + $760.36B + $888.66B + $136.92B +$757.54B = $3.015 trillion.

FAANG Stocks

Facebook no tangible value

Apple overvalued and in real trouble

Amazon has the most value of the five, partly due to diversity of products offered

Netflix is in trouble due to Disney, CBS All Access, and other competitors coming on line in 2019

Google no tangible value

Of the five FAANG members, Netflix is in the most immediate peril.

First, Disney has announced that it plans to acquire most of the assets of 21st Century Fox. If the Justice Department approves the $52 billion deal, Disney would gain possession of the20th Century Fox film studio, including Fox Searchlight (which has produced Best Picture Oscar winners such as Slumdog Millionaire, Birdman, 12 Years a Slave, and The Shape of Water), the X-Men franchise, the FX and National Geographic cable channels, several regional sports networks, and the television production company that makes Modern Family and The Simpsons. The resulting conglomerate would own as much as 40 percent of the U.S. movie and television industries.
 
Second, and more important, Disney is building a streaming product to deliver its content, old and newly acquired, directly to consumers—let’s call it Disneyflix. When it launches, in2019, it will include several exclusive series and every film in the Star Wars, Marvel Entertainment, Pixar Animation Studios, and Disney Animation universes.

Disneyflix Is Coming. And Netflix Should Be Scared

I have noticed a significant drop in content that I want to watch on Netflix in the last two years and much of its original content is brooding, dark, and often not suitable for watching with my family or purchased from overseas media companies—much of which is not available with English dubbed audio. At this point I would not miss it if we cancelled the streaming portion of their service.

Folks Facebook and Google have virtually no assets. Facebook is not the destination of youth anymore and their political correctness is driving away current users or causing them to use it less. Part of the reason I opened the Facebook page for this blog is to test the limits of their AI algorithm.

Folks, the danger facing tech companies is that in most cases they are one invention away from obsolescence. Facebook is a one note pony and the next big thing can relegate them to the dung heap of history. Can you say, “My Space”?

Curiously, Microsoft—which currently has more value thanApple—is not listed. Microsoft has more value in terms of assets and revenue stream due to subscriptions and licensing agreements with enterprise customers and a diversity of other products.

Besides the armchair analysis that I offer on this blog from my man-on-the-street perspective, professional observers are noting some cracks on the FAANG consortium. Forbes is asking if we are in the midst of another tech bubble. Forbes dives deep into the technical reasons that you should be concerned.

Very few on trading desks remember the Tech crash of 2000.  I remember it all too well after the partying of 1999: it was exhilarating (or painful if you were short) to watch the exponential rally in Tech and dotcom stocks in the last part of the 1990s.
 
Then sentiment switched from “buy everything”, to “sell everything” almost overnight. In a span of a few weeks in 2000 the Tech sector came crashing down, hard. From the peak in the NASDAQ in the middle of March 2000 to the low in December 2000 the sector lost 50% in a brutal selloff.

While it might be laughable to call for a correction of the same magnitude today, a few grey souls in the Tech industry who were around in 2000 and lost 80% of their net worth on paper have the following advice: don’t be greedy and take some gains off the table. So with an eye towards preserving capital let us look at some parallels between 2000 and today and see what rhymes and what doesn’t.

Tech Crash Echo: It’s Beginning To Feel A Bit Like 2000

Folks another thing of concern is that in the last few weeks short term interest rates (two year) have now gone higher than ten year rates. This is not normal and should cause apprehension.

 Lastly, governments are considering more regulatory intervention in the tech sector due to privacy, security, and content concerns. Due to the interconnectedness of these companies, concerns are not just in the United States but the European Union and Australia just to name a few. Compliance will lead to more overhead and less profit for information centric companies. The “wild west” nature and openness of the Internet is facing challenges on many fronts.

I do believe a correction is coming and in fact is long overdue. Generally I think the stock market is overvalued but where else can you put money and get a return on it? Buckle-up. The next two years will be volatile on more fronts than the political.

Apple iPhone Sales Blocked in China

Here are three recent stories documenting the further troubles of Apple.

 Qualcomm today announced that Fuzhou Intermediate People’s Court in China has granted its request for two preliminary injunctions against Apple. As part of the injunction, court has ordered Apple to immediately stop infringing upon two Qualcomm patents. The two patents involved in this case enable consumers to adjust and reformat the size and appearance of photographs, and to manage applications using a touch screen when viewing, navigating and dismissing applications on their phones. Because of this order, Apple cannot import and sell iPhone 6S,iPhone 6S Plus, iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus and iPhone Xin China.

Chinese court orders immediate ban on sale of various Apple iPhone models in China

Chinese court orders immediate ban on sale of various Apple iPhone models in China

5G Someday

 As I have said in previous posts, Apple is purposely staying away from 5G technology. Unless Apple changes their minds, they will have no new phone offerings in 2019.

 Apple has been a pioneer as well asan early adopter of technology in the past but it looks like the Cupertino giant will sit out the 5G wave which is supposed to hit next year. We have already seen rumours about 5G supported devices from Samsung and Google while other companies like OnePlus have already confirmed 5G support coming next year.

 Apple, on the other hand, has decided that the company is not going to jump in and is rather going to wait before launching iPhones with 5G support. The reason which has been stated a couple of times is that Apple and Qualcomm are not on best of terms right now and this might interfere if the company decides to sign a deal for 5G modems. The other reason which has been cited a lot is that Apple doesn’t adopt newwireless technology unless the company is sure about it.

Apple is in no rush to launch 5G supported iPhones

Apple is in no rush to launch 5G supported iPhones

No longer most valuable company

Microsoft is still the largest tech company in the world, after passing Apple in valuation several weeks ago.

 A week ago Microsoft ended the week for the first time in nearly 10 years with a higher valuation than Apple, and therefore also the most valued publicly traded company in the world.

 The question since then was whether this could be sustained or if it would be only a blip due to a down Apple day.

 Over the course of the week, the companies continued to trade position but their position solidified on Thursday and Friday, with Apple temporarily slipping to the 3rd position behind Amazon on Thursday.

 At the close of market the end of the week Microsoft was valued at $804.6 billion, with Apple being worth at$799.6 billion.

 In a down market, Microsoft ends another week more valuable than Apple

In a down market, Microsoft ends another week more valuable than Apple