Showing posts with label Apple. Show all posts
Showing posts with label Apple. Show all posts

Thursday, 28 April 2016

Billionaire investor Carl Icahn sells entire stake in Apple

Icahn has sold his shares in the company over concerns at China’s influence on its stock price


Apple’s shares have closed down by more than 3% at $94.83

Billionaire activist investor Carl Icahn says he had sold his entire stake in Apple Inc, citing the risk of China’s influence on the stock.

In an interview with US cable television network CNBC on Thursday, Icahn also said he was “still very cautious” on the US stock market and there would be a “day of reckoning” unless there was some sort of fiscal stimulus.

Icahn had been a huge cheerleader of Apple, acquiring a stake in the company almost three years ago, repeatedly calling the investment a “no brainer.”

In an open letter to Apple chief executive Tim Cook in May 2015, Icahn had argued that shares of the iPhone maker were worth $240 (£164), about 90% more than they had been trading. At $240 a share, Apple’s market cap would be $1.4tn, Icahn asserted.

But Icahn, who owned 45.8m Apple shares at the end of last year, said China’s economic slowdown and worries about how China could become more prohibitive in doing business triggered his decision to exit his position entirely.

Published By - Theguardian.com - Sports New, LifeStyle News, Politics news, UK and world political comment and analysis: Friday 29 April 2016 01.13 BST

Thursday, 21 April 2016

Is Apple's next product an electric car?

Apple has hired ex-Tesla engineer and opened R&D base in Germany, but reports suggest first versions of long-rumoured vehicle won’t be self-driving


Apple CEO Tim Cook

Apple’s not-so-secret project to build an electric car is heating up, according to media reports, with the company poaching an expert from rivals Tesla. It has also opened an R&D office in Germany, home to some of the world’s most important luxury car manufacturers.

Industry site Electrek reports that Chris Porritt, a British car designer who worked at Aston Martin until he left in 2013 to become the vice-president of vehicle engineering at Tesla Motors, has been hired by Apple to work on the company’s Project Titan – just a few months after the executive believed to have been running the project, Steve Zadesky, left the company.

While Porritt, who quit Tesla in September 2015, is one of many former Tesla engineers employed in Cupertino, he’s one of the only senior managers to have made the jump. The timing of his departure coincides with comments made by Elon Musk in October 2015, when he referred to Apple as a “Tesla Graveyard”.

Published By -Theguardian.com - LifeStyle News, Politics news, UK and world political commentand analysis: Thursday 21 April 2016 11.05 BST

Friday, 15 April 2016

Apple expects your iPhone to be replaced after three years


Apple Watch expected to last only three years too, while Mac computers should last four, plus Apple slip-up points to OS X rebranding as MacOS, Apple has said that it expects so-called first owners of £500 iPhones, iPads and Apple Watches to replace them after only three years of use, and Mac computers only four. As part of the company’s new environmental push, which includes its new Apps for Earth campaign with the WWF, Apple has listed how long it expects its products to last for their “first owners” and therefore how much they contribute to the greenhouse gas lifecycle. Continue....

Published By - Theguardian.com - Tech News, Politics news, UK and world political comment and analysis: Friday 15 April 2016 10.34

Thursday, 14 April 2016

GreatFire activist urges western firms to help end Chinese censorship

Western companies 

The Western companies need to end their hypocrisy over free speech in China, and start helping to end censorship in the country. The co-founders of GreatFire, an organisation dedicated to fighting the so-called Great Firewall of China. 

GreatFire activist

So the technological heart of state censorship in the country, said it hurts to see companies such as Apple citing Chinese censorship in their battles with western governments, while co-operating with authoritarian state in order to earn money from its burgeoning middle classes and take advantage of its enormous manufacturing base.

But technology firms, including Apple, often cite China when arguing with western states about repressive internet restrictions. So instead working hand-in-glove with the Chinese state o profit from the country’s vast internal market. He also praised Google for their decision in 2010 to stop censoring search results and pull out of mainland China.

Censorship

The Google was tempered with caution, however, due to reports that the company might be re-entering the Chinese market to sell smartphone apps through the Play Store. (What is that going to involve?) he asked. So i think people are going to be very wary and attentive to how Google goes back into China. And hopefully they’re going to show us that there is a way to go back in without having to censor.

So Play Store is particularly sensitive, because it’s one of the primary outlets through which GreatFire works, releasing anti-censorship tools such as FreeBrowser. So the group was founded in 2011 to raise awareness about the Great Firewall of China, primarily through cataloguing which sites were blocked internally In recent years. Unlike most previous sites censored by the state.

Important there are sites that are too valuable for the authorities to block, mainly for economic reasons, He says. So that’s when we started to work on this strategy of collateral freedom. So the GreatFire used the collateral freedom approach to develop apps, as well as post uncensored content on cloud services such as Amazon’s AWS, where it could not be blocked by the Chinese authorities without taking down vast swathes of the net.

Issue Companies

Most other companies weren’t as eager as Github and Amazon to help GreatFire. In October 2013, the group finished its FreeWeibo app, which archives posts that have been removed from Weibo, China’s Twitter. He said. It was available on the app store, people could download it and the app could be updated. And we kinda got round all the restrictions that the authorities put in place there. Important company Apple said yes. And it was gone and that was it.


So Apple’s are why Smith says he has an issue with companies citing China when arguing against repressive government measures in the west. For instance, in its battle with the FBI over whether it could be forced to weaken the security on its own hardware, Apple repeatedly brought up China. But UK, arguments against the (snooper’s charter), a bill that gives the British government huge power to eavesdrop on encrypted connections, have also been made with regard to China. The bill, some worry, would embolden the country to demand its own repressive changes.

So at least, have changed in the three years GreatFire has been chipping away at the Great Firewall. Not always for the better: In 2015, the censorship authorities, So apparently realising that the collateral freedom approach was bearing fruit, switched tactics, turning on what was described as the (Great Cannon). So that is a  modified version of a conventional hacking tactic known as a (distributed denial of service) attack. But cannon was pointed at Github and at GreatFire’s Amazon hosting. 

He said, (over soon) doesn’t necessarily mean China dropping its web censorship. But Smith sees two ways the standoff can end: (So one possibility is that the state eventually gets over its fear of what the people would do if they saw the real internet). Often That’s not going to have a revolutionary outcome though.

So the other possibility is that the (collateral freedom) approach fails, and the country drops the firewall still further, blocking sites such as Github and Amazon. So even that would be a victory of sorts, pushing the country into a direct standoff with its people, and economic success.