The UK government has dropped its demands to create a backdoor into Apple's encryption, according to the US intelligence chief Tulsi Gabbard.
The U.K. is acceding to U.S. government request to drop its demand for Apple to provide a so-called “back door” into the iPhone, as the company reportedly is expanding its production of the mobile phone in India.
The Trump administration says that law enforcement organizations in Britain would back off asking the company for a tool to access customers' data.
U.S. Director of National Intelligence Tulsi Gabbard said on Monday the UK had agreed to drop its mandate for iPhone maker Apple to provide a "back door" that would have enabled access to the protected encrypted data of American citizens.
Recently, Zacks.com users have been paying close attention to Apple (AAPL). This makes it worthwhile to examine what the stock has in store.
Although Apple (NASDAQ: AAPL) remains one of the most reliable long-term stocks, history suggests that September should be approached with caution.
Taiwan's Foxconn , which rose to become a global tech manufacturing juggernaut by assembling millions of iPhones, can now say its main business is no longer Apple as it takes advantage of the AI-boom to diversify its income.
In Q2, Meta Platform's NASDAQ: META advertising business showed the market everything it wanted to see. However, Meta's Reality Labs segment continues to be an eyesore.
In the second quarter, shipments from Samsung surged in the U.S., with its market share rising from 23% to 31%, according to data from Canalys. Last month, Samsung introduced two new folding phones, one that can effectively turn into a tablet, and another that resembles an old-school flip phone with modern features.
Investors are back on the Apple (AAPL -0.55%) train. The stock of the multinational technology giant is still down slightly in 2025 but popped over 10% in the last week after management announced new planned spending in the U.S. CEO Tim Cook even visited the White House in a joint press conference with President Donald Trump to announce this new planned spending on components for the iPhone as well as other Apple products in America.
Warren Buffett's Berkshire Hathaway has filed its quarterly Form 13F filings with the Securities and Exchange Commission.