(NEW YORK) Wall Street Report: US technology giant Apple has become the first company to hit a stock market valuation of $3tn (£2.2tn) during tech buying #Pandemic #AceNewsDesk report

#AceNewsReport – Jan.05: However, its value slipped a little from that milestone, to end Monday’s trading session in New York at $2.99tn.

#AceDailyNews says according to BBC Business News Report: Apple becomes first firm to hit $3-trillion market value as the firm’s share price has risen by around 5,800% since co-founder and former chief executive Steve Jobs unveiled the first iPhone in 2007: The company became the first company to hit a stock market valuation of $1tn in August 2018.

Apple flagship store against the city skyline at Marina Bay Sands waterfront.

Apple has been one of the big winners of the pandemic, as coronavirus lockdowns saw spending on gadgets jump.

“Hitting $3 trillion is another historical moment for Apple as the company continues to prove the doubters wrong,” Dan Ives, an analyst from Wedbush said.

It took just over 16 months for Apple’s stock market valuation to rise from $2tn to $3tn, as the world’s biggest technology companies saw demand soar as people became more reliant on smartphones, tablets and laptops during lockdowns.

The iPhone typically accounts for around half of the company’s sales, while it is also well-known for its iPad tablets and Mac computers.

Increasingly important parts of the business are software, sold through the Apple store, storage space via the iCloud and services such as its music, television and fitness subscription platforms.

“The linchpin to Apple’s valuation re-rating remains its Services business which we believe is worth $1.5 trillion,” Mr Ives said.

In August, Apple’s chief executive Tim Cook received more than five million shares in the firm, as he marked ten years in the job.

A company filing with the US Securities and Exchange Commission showed that he sold most of the shares for more than $750m.

It was part of a deal he struck when he took over from co-founder Steve Jobs.

The award was dependent upon on how well Apple’s shares had performed compared to other firms on the S&P 500 stock index.

Cupertino, California-based Apple was founded in 1976 by Steve Jobs and his business partners Steve Wozniak and Ronald Wayne.

The company made its stock market debut in 1980 with a market valuation of $1.8bn.

In November, the original Apple computer built by Mr Wozniak and Mr Jobs fetched $400,000 at auction in the US.

#AceNewsDesk report ………….Published: Jan.04: 2022:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#apple, #iphone, #new-york, #technology, #wall-street

(SEOUL, S.K.) NFT Games Report: The government is taking a stand against NFTs, attempting to block the release of new crypto-inspired play-to-earn mobile games and demanding the removal of existing ones from the Apple and Google app stores #AceNewsDesk report

#AceNewsReport – Jan.01: Play-to-earn games have recently been growing in popularity among crypto enthusiasts, as they use similar blockchain technology and allow players to invest and make money just by playing.

#AceDailyNews says according to RT News Report: South Korea to ban NFT games: Most of these apps typically require users to first purchase non-fungible tokens (NFTs), which can then be used to play and earn in-game rewards.

South Korea to ban NFT games

But according to South Korean law, games that offer prizes worth more than 10,000 Korean won ($8.42) are banned throughout the country, and the government has introduced tough regulations regarding gambling, gaming, and age ratings. The Game Management Committee (GMC), which is part of South Korea’s Ministry of Culture, Sports and Tourism, has described pay-to-earn games as speculative money-making schemes and has made a move to outlaw ones which require in-app purchases in order to play.

NFT craze: How to make millions selling simple pictures online

NFT craze: How to make millions selling simple pictures online

P2E game developers have already had a hard time releasing their apps on the South Korean market, as they have struggled to obtain an age rating for their products, which is a requirement for them to be listed. 

“It is reasonable to keep P2E games from getting age ratings under the current law because cash rewards in games can be considered prizes,”said a GMC spokesperson. 

While the games won’t necessarily be banned outright, the new regulations mean that P2E games will have a hard time finding audiences, and their unavailability on Apple and Google’s app stores will further limit their reach.You can share this story on social media:

#AceNewsDesk report …………Published: Jan.01: 2022:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#apple, #apps, #games, #google, #nft, #seoul, #south-korea

(CALIFORNIA) Apple Trade Supplier Report: A new report details how they have increased its reliance on Chinese supply chain partners, including Luxshare, which is reportedly poised to unseat Foxconn as primary supplier #AceNewsDesk report

#AceNewsReport – Dec.31: The deal with Luxshare marked a “turning point” for Apple and China, The Information says. It propelled Luxshare to the top-tier of Apple suppliers who handle assembling and packaging finished consumer goods.

#AceDailyNews says Apple has shifted orders from Foxconn to Luxshare to assist $275B China deal: The new details follow a report from earlier in December revealing an alleged secret deal that Apple made with the Chinese government to invest in local companies. The Information on Thursday has revealed what some of those investments entail: – Dec.30, 2021:

article thumbnail

For example, Apple has shifted more of its supply chain business to China-based companies. The Information says this is Apple CEO Tim Cook fulfilling his pledge to help Beijing expand its local technology industry.

A year after the deal was made, for example, Apple tapped Luxshare to assemble AirPods. That ended the dominance of Taiwanese-based firms in Apple’s assembly chain.

Luxshare, which already exceeds Foxconn in market capitalization, may even positioned to unseat Foxconn as an Apple supply chain heavy-hitter. Foxconn, worried about the fast-rising Chinese firm, has even reportedly assembled a team to study the company.

According to The Information, the $275 billion investment deal between Apple and China is a way for the Cupertino tech giant to cut costs and “curry favor with Beijing.” China is a critical company for Apple, representing about 20% of its revenue. It’s also a precarious market, with consumers at times boycotting Apple products in favor of local brands.

#AceNewsDesk report ……..Published: Dec.31: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#apple, #california, #china, #suppliers, #trade

(CALIFORNIA) LATEST: Pegasus Software Report: Almost a dozen US diplomats working in Uganda have reportedly had their iPhones hacked by the spyware, in the first case of the malware created by Israeli company NSO being used against US government targets #AceNewsDesk report

#AceNewsReport – Dec.11: Apple has alerted eleven US diplomats either working in Uganda or on matters concerning the East African country that their phones had been penetrated by Pegasus, Reuters and the Washington Post reported on Friday, citing anonymous sources familiar with the matter.

#AceDailyNews UPDATE Apple reveals which diplomats were hacked by Pegasus Software: The hack took place over the “last several months,” said Reuters, adding that the phones targeted had foreign numbers. NSO, the firm behind Pegasus, has maintained its malware cannot work on iPhones with US numbers according to RT News & Apple Insider News

Apple reveals which diplomats were hacked by Pegasus

Israeli firm’s Pegasus spyware used to attack U.S. diplomats’ phones, first confirmed use against American officials https://t.co/pSbr8zL9O1— The Washington Post (@washingtonpost) December 3, 2021

While the State Department and Apple did not officially comment on the report, NSO issued a statement reacting to the allegations.

“Once the inquiry was received, and before any investigation under our compliance policy, we have decided to immediately terminate relevant customers’ access to the system, due to the severity of the allegations,”said NSO spokesperson Oded Hershkovitz. 

Apple sues Israeli company behind Pegasus spyware

While the company has not received “any information nor the phone numbers, nor any indication that NSO’s tools were used in this case,” at this point, they are ready to “cooperate with any relevant government authority and present the full information we will have,” Hershkovitz added.

NSO has close ties with the Israeli defense and intelligence communities, and the Israeli Defense Ministry must approve export licenses for their products. Historically, the company’s clients have included Saudi Arabia, the United Arab Emirates, and Mexico.

Targeting US officials would be a serious breach of the rules, the Israeli embassy in Washington said in a statement on Friday.

“Cyber products like the one mentioned are supervised and licensed to be exported to governments only for purposes related to counter-terrorism and severe crimes,” an embassy spokesperson said. “The licensing provisions are very clear and if these claims are true, it is a severe violation of these provisions.”

The United States National Security Council did not directly comment on the accusations, but issued a statement on Friday saying they have been “acutely concerned that commercial spyware like NSO Group’s software poses a serious counterintelligence and security risk to US personnel.”

This is why the “Biden-Harris Administration has placed several companies involved in the development and proliferation of these tools on the Department of Commerce’s Entity List,” the NSC added.

The US blacklisted NSO in October, citing Pegasus revelations. Apple has since sued to block NSO from accessing their devices, software, or service.

#AceNewsDesk report ………..Published: Dec.11: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#africa, #apple, #california, #pegasus-software, #spying, #uganda, #united-states, #washington

(CALIFORNIA) JUST IN: Apple CEO Tim Cook reportedly signed a “secret” $275 billion deal with Chinese authorities to bypass restrictions on his company’s operations, according to newly published internal documents #AceNewsDesk report

#AceNewsReport – Dec.09: The deal was said to have been signed with China’s National Development and Reform Commission after Cook made several trips to the country, during a time when Apple faced a “series of regulatory actions” from the government that negatively impacted its business, the outlet reported, noting that officials in Beijing believed the company “wasn’t contributing enough to the local economy.”

#AceDailyNews says that according to an RT News Report: Apple’s ‘secret’ $275 billion deal with China exposed and was struck in 2016, the massive five-year agreement included a vow from Apple to boost the Chinese economy through investments and other business enterprises, according to a report by the Information on Tuesday, which is based on interviews with company insiders and Apple documents.

8 Dec, 2021 03:58 

Apple’s ‘secret’ $275 billion deal with China exposed

Cook attempted to lobby the Chinese government throughout 2016, as it was implementing measures that would have damaged his company’s App Store, iCloud and Apple Pay systems, and which resulted in decreased iPhone sales for some time.

Apple reveals which diplomats were hacked by Pegasus

In addition to agreeing to set up a string of new retail locations, renewable energy initiatives and R&D centers across China, Cook purportedly pledged that his firm would work alongside Chinese academics and local manufacturers, and even buy components from suppliers in-country. In exchange for “necessary support and assistance” from the government, Apple would “grow together with Chinese enterprises to achieve mutual benefits and a win-win situation.”

Soon after the alleged deal, Apple publicly declared a $1 billion investment into a Chinese Uber competitor, Didi Chuxing, in May 2016, which Cook claimed would offer “a chance to learn more about certain segments of the China market.” The same year, it also announced a major deal with the country’s top wind turbine producer, Xinjiang Goldwind Science and Technology, and made plans to move iCloud operations over to China in 2017. A $300 million green energy fund was established by 2018, all seemingly in line with the five-year agreement.

Apple’s business in China appears to have recovered significantly since the regulatory crackdown in 2016, setting a quarterly revenue record of $68 billion there last summer while continuing to open new storefronts and research centers. China now makes up for about one-fifth of Apple’s total sales, according to the report.

#AceNewsDesk report …………….Published: Dec.09: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#apple, #california, #china

(CALIFORNIA) Pegasus Spyware Report: Apple is suing Israeli spyware firm NSO Group and its parent company for allegedly targeting iPhone users with a hacking tool #AceNewsDesk report

#AceNewsReport – Nov.25: NSO Group said its tools were made to target terrorists and criminals: But it has allegedly also been used on activists, politicians and journalists…..

#AceDailyNews says according to BBC Technology News Report: NSO’s Pegasus software can infect both iPhones and Android devices, allowing operators to extract messages, photos and emails, record calls and secretly activate microphones and cameras.

A woman holds a phone outside NSO office
A woman uses her phone outside the offices of NSO

In a blog post announcing the California lawsuit, Apple said it wanted to hold NSO Group and its parent company OSY Technologies “accountable for the surveillance and targeting of Apple users”.

However earlier this month, US officials placed the company on a trade blacklist, saying the software had “enabled foreign governments to conduct transnational repression, which is the practice of authoritarian governments targeting dissidents, journalists and activists”.

NSO Group says it only supplies Pegasus to military, law enforcement and intelligence agencies from countries with good human-rights records.

Apple’s move follows a lawsuit launched in 2019 by WhatsApp which is still working its way through the US court system.

In its initial court filing, WhatsApp said NSO Group “developed their malware in order to access messages and other communications after they were decrypted on target devices”.

Other tech firms, including Microsoft, Meta Platforms (formerly Facebook), Google-owner Alphabet and Cisco Systems have all previously criticised NSO. 

“To prevent further abuse and harm to its users, Apple is also seeking a permanent injunction to ban NSO Group from using any Apple software, services, or devices,” it said.

Apple prides itself on its privacy. It’s a major selling point for its devices. 

So it’s not totally surprising that a company that has allegedly sought to bypass Apple security features might antagonise the giant. 

That’s not the only reason Apple is making a stand though. 

Not all hackers are considered equals. NSO Group has government clients, or as Apple puts it, is “state-sponsored”.

NSO claims it only works with agencies with good human rights records.

In that way the company has tried to distinguish itself from underground hackers doing nefarious activities. 

By suing NSO Group Apple is rejecting that distinction.

Apple is making the point that it doesn’t matter who you are, if you’re a group trying to hack into an Apple product they’ll take action – whatever the motives. 

But there’s a bit more depth to it than that.

Apple will feel it’s easier, and more politically palatable, to sue a private company, rather than the governments who are allegedly using the tech.

In its complaint, filed in the US District Court for the Northern District of California, Apple said NSO’s tools were used in “concerted efforts in 2021 to target and attack Apple customers” and that “US citizens have been surveilled by NSO’s spyware on mobile devices that can and do cross international borders.”

Apple alleged that NSO group created more than 100 fake Apple ID user credentials to carry out its attacks.

The tech giant said that its servers were not hacked, but that NSO misused and manipulated the servers to deliver the attacks on Apple users.

Apple also alleged that NSO Group was directly involved in providing consulting services for the spyware, but NSO maintains that it only sells its tools to clients.

Apple said it was forced to engage in a continual arms race with NSO, saying the Israeli firm was “constantly updating their malware and exploits to overcome Apple’s own security upgrades”.

The iPhone maker said that it will donate $10m, as well as any damages recovered in the lawsuit, to cybersurveillance research groups including Citizen Lab, the University of Toronto group that first discovered NSO’s attacks.

NSO Group said in response: “Thousands of lives were saved around the world thanks to NSO Group’s technologies used by its customers”.

“Paedophiles and terrorists can freely operate in technological safe-havens, and we provide governments with the lawful tools to fight [them].

“NSO group will continue to advocate for the truth.”

#AceNewsDesk report ……….Published: Nov.25: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#apple, #california, #israelis, #nso, #pegasus, #software, #spyware

(BEIJING) Apple Censorship Report: Apple has taken down one of the world’s most popular Quran apps in China, following a request from officials #AceNewsDesk report

#AceNewsReport – Oct.19: The Chinese government has not responded to the BBC’s request for comment: The deletion of the app was first noticed by Apple Censorship – a website that monitors apps on Apple’s App Store globally. …..The decision was made after the career-networking site faced questions for blocking the profiles of some journalists….

#AceDailyNews says according to BBC North America Tech Reporter: Apple (China) takes-down Quran Majeed app which is available across the world on the App Store – and has nearly 150,000 reviews and it is used by millions of Muslims: The BBC understands that the app was removed for hosting illegal religious texts.

Someone reading the Koran on a smartphone

By James Clayton
North America technology reporter

In a statement from the app’s maker, PDMS, the company said: “According to Apple, our app Quran Majeed has been removed from the China App store because it includes content that requires additional documentation from Chinese authorities”…..

“We are trying to get in touch with the Cyberspace Administration of China and relevant Chinese authorities to get this issue resolved”. 

The company said it had close to one million users in China.

The Chinese Communist Party officially recognises Islam as a religion in the country. 

However, China has been accused of human rights violations, and even genocide, against the mostly Muslim Uyghur ethnic group in Xinjiang. 

Earlier this year the BBC reported that Uyghur imams had been targetedin China’s Xinjiang crackdown.

Apple declined to comment, but directed the BBC to its Human Rights Policy, which states: “We’re required to comply with local laws, and at times there are complex issues about which we may disagree with governments.”Screengrab from Quran Majeed promotional material

However, it is not clear what rules the app has broken in China. Quran Majeed says it is “trusted by over 35 million Muslims globally”.

Last month, both Apple and Google removed a tactical voting app devised by jailed Russian opposition leader Alexei Navalny. 

Russian authorities had threatened to fine the two companies if they refused to drop the app, which told users who could unseat ruling party candidates.

China is one of Apple’s biggest markets, and the company’s supply chain is heavily reliant on Chinese manufacturing. 

Apple chief executive Tim Cook has been accused of hypocrisy from politicians in the US for speaking out about American politics, but staying quiet about China.

Mr Cook criticised Donald Trump’s ban of seven Muslim-majority countries in 2017.

However, he is also accused of complying with the Chinese government over censorship – and not publicly criticising it for its treatment of Muslim minorities.

The New York Times reported earlier this year that Apple takes down apps in China if deemed off limits by the Chinese government. Topics that apps cannot discuss include Tiananmen Square, the Chinese spiritual movement Falun Gong, the Dalai Lama, and independence for Tibet and Taiwan.

Benjamin Ismail, project director at Apple Censorship, said: “Currently Apple is being turned into the censorship bureau of Beijing.

“They need to do the right thing, and then face whatever the reaction is of the Chinese government.”

Another popular religious app, Olive Tree’s Bible app, was also taken down this week in China. The company told the BBC they had removed the app themselves. 

“Olive Tree Bible Software was informed during the App Store review process that we are required to provide a permit demonstrating our authorization to distribute an app with book or magazine content in mainland China,” said a spokesperson.

“Since we did not have the permit and needed to get our app update approved and out to customers, we removed our Bible app from China’s App Store.”

On Friday, The Mac Observer reported that Audible, the Amazon owned audiobook and podcast service, removed its app from the Apple store in mainland China last month “due to permit requirements.”

On Thursday, Microsoft said it was shutting down its social network, LinkedIn, in China, saying having to comply with the Chinese state had become increasingly challenging.

#AceNewsDesk report ……………..Published: Oct.19: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#apple, #apps, #beijing, #china, #quran

(NEW YORK) U.S #ClimateChange Crisis Bill Report: Apple, Amazon, Microsoft & Disney are some of the clutch of corporate entities that are backing business groups against the legislation #AceNewsDesk report

#AceNewsReport – Oct.03: Some of America’s most prominent companies, including Apple, Amazon, Microsoft and Disney, are backing business groups that are fighting landmark climate legislation, despite their own promises to combat the climate crisis, a new analysis has found…

#AceDailyNews says that Guardian by reports that Apple and Disney among companies backing groups against US climate bill: A clutch of corporate lobby groups and organizations have mobilized to oppose the proposed $3.5tn budget bill put forward by Democrats, which contains unprecedented measures to drive down planet-heating gases. The reconciliation bill has been called the “the most significant climate action in our country’s history” by Chuck Schumer, the Democratic leader in the US Senate…..

https://www.congress.gov/bill/117th-congress/senate-bill/1335

Most large US corporations have expressed concern over the climate crisis or announced their own goals to cut greenhouse gases. Jeff Bezos, one of the world’s richest people, has said that the climate crisis is the “biggest threat to our planet” and the company he founded, Amazon, has created a pledge for businesses to cut their emissions to net zero by 2040. Microsoft has promised to be “carbon negative” within a decade from now and Disney is aiming to use only renewable-sourced electricity within the same timeframe.

But these leading companies, and others, either support or actively steer the very lobby groups that are attempting to sink the bill that carries the weight of Joe Biden’s ambitions to tackle the climate crisis, threatening one of the last major legislative efforts that will help decide whether parts of the world plunge into a new, barely livable climatic state.

“Major corporations love to tell us how committed they are to addressing the climate crisis and building a sustainable future, but behind closed doors, they are funding the very industry trade groups that are fighting tooth and nail to stop the biggest climate change bill ever,” said Kyle Herrig, president of watchdog group Accountable.US, which compiled the analysis.

None of the companies contacted by the Guardian would rebuke the stance of the lobby groups they are part of and none said they would review their links to these groups.

“Hiding behind these shady groups doesn’t just put our environment at risk – it puts these companies’ household names and reputations in serious jeopardy,” Herrig said.

The US Chamber of Commerce has vowed to “do everything we can to prevent this tax raising, job killing reconciliation bill from becoming law”. The leading business lobby group’s board includes executives from companies including Microsoft, Intuit, United Airlines and Deloitte, which have all expressed concern over climate change – Deloitte even includes teaching the climate crisis to employees in its staff training – and have made various promises to reduce emissions.

Another group, the Business Roundtable, has said it is “deeply concerned” about the passage of the bill, largely because it raises taxes on the wealthy. The organization is made up of company chief executives, including Apple’s Tim Cook, who has called for stronger action on the climate emergency from governments and businesses. Other members include Andy Jassy, chief executive of Amazon, Sundar Pichai, who heads Google’s parent company Alphabet, and Darren Woods, chief executive of the oil giant Exxon.

The Pharmaceutical Research and Manufacturers of America, a trade group that includes Bayer and AstraZeneca among its members, has run adverts attacking the proposed bill. The Rate Coalition, another lobby group that has Disney, FedEx and Verizon as members, is also planning an advertising blitz to help kill off the legislation while the National Association of Manufacturers – backed by Johnson&Johnson, Dow and Goodyear – has said it is attempting to upend the bill “in every way you can imagine”.

This blitz threatens legislation that already faces a perilous path through Congress, with the president needing every Senate Democrat to vote for the package for it to pass. Joe Manchin, the centrist Democrat from West Virginia who is a major recipient of donations from the fossil fuel industry, has said the climate section of the bill “makes no sense” and has demanded that subsidies for coal, oil and gas remain in place. Republicans universally oppose the bill.

If enacted, the bill would establish a system to phase out emissions from the US electricity system, provide payments to prop up carbon-free nuclear energy and support the adoption of electric vehicles.

As the first major attempt at climate legislation in more than a decade, the bill comes at a time when scientists warn the world is rapidly running out of time to avoid catastrophic climate change. The legislation’s failure would not only wound Biden politically, it would also likely hinder attempts to prod other countries into more drastic action at crucial upcoming UN climate talks in Scotland.

“This is a historic chance to end fossil fuel subsidies and invest in a livable future,” said Lukas Ross, climate program manager at Friends of the Earth. “We can’t waste this opportunity to pass meaningful climate legislation because there might not be another.”

#AceNewsDesk report ……….Published: Oct.03: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#amazon, #apple, #climate-change, #climatechange, #disney, #microsoft, #new-york

(LUXEMBOURG) E.U Antitrust Court Report: Google up in arms over being fined a record 4.3-billion they try to annul whilst regulators ignore Apple #AceNewsDesk report

#AceNewsReport – Sept.28: Alphabet (GOOGL.O) unit Google on Monday blasted EU antitrust regulators for ignoring rival Apple (AAPL.O) as it launched a bid to get Europe’s second-highest court to annul a record 4.34-billion euro ($5.1 billion) fine related to its Android operating system.

#AceDailyNews says that according too Reuters Google (Android Operating System) is in a fight against record EU fine, slamming regulators for ignoring Apple

Far from holding back rivals and harming users, Android has been a massive success story of competition at work, representatives of Google told a panel of five judges at the General Court at the start of a five-day hearing.

The European Commission fined Google in 2018, saying that it had used Android since 2011 to thwart rivals and cement its dominance in general internet search.

Regardless of how the court rules, Google, Apple, Amazon and Facebook will have to change their business models in the coming years to ensure a level playing field for rivals following tough new rules proposed by European Union antitrust chief Margrethe Vestager.

“The Commission shut its eyes to the real competitive dynamic in this industry, that between Apple and Android,” Google’s lawyer Meredith Pickford told the court.

“By defining markets too narrowly and downplaying the potent constraint imposed by the highly powerful Apple, the Commission has mistakenly found Google to be dominant in mobile operating systems and app stores, when it was in fact a vigorous market disrupter,” he said.

#AceNewsDesk report ………Published: Sept.28: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#alphabet, #anti-trust, #apple, #european-union, #google, #luxembourg

(MOSCOW) ELECTION REPORT: A Smart Voting app devised by jailed Russian opposition leader Alexei Navalny has been removed from Apple and Google stores on the day Russians start voting in parliamentary elections.

#AceNewsReport – Sept .18: President Vladimir Putin’s United Russia party is expected to win: Although a total of 14 parties are taking part in the vote, many candidates seen as anti-Putin are barred from running, including anyone associated with Navalny’s opposition movement. Some prominent Kremlin opponents have been forced to leave Russia.

#AceDailyNews says opposition smart app removed as vote begins after Russian authorities had threatened to fine the two companies if they refused to drop the app, which told users who could unseat ruling party candidates after Parliamentary and local elections began on Friday and will last three days:

A specialist disinfects ballot boxes at a polling station during a three-day parliamentary election in Rostov-on-Don, Russia September 17, 2021
The vote has been extended to three days because of the Covid pandemic

Voters are electing 450 MPs for the Duma (parliament) in Moscow and a number of cities have introduced electronic voting. For the first time since 1993, election observers from the Organization for Security and Cooperation in Europe (OSCE) will not be present due to “limitations” imposed by Russian authorities.

EPA: Public video feeds of voting have been banned but official observers were allowed to watch

Navalny was jailed immediately on his return from Germany in January, having recovered from a nerve agent attack in Siberia.

The Smart Voting app was not available for download on both the Google and Apple stories in Russia on Friday.

On the eve of the election, senior officials at the communications regulator threatened big fines for any companies that “systematically violate” its demands. IT companies had been warned that refusing to remove the app would be seen as illegal interference in the vote.

On Thursday night, Google Docs went down in some regions and the Smart Voting-bot on the Telegram platform came under a powerful attack aimed at taking it offline.

Google and Apple representatives met a Russian Federation Council (upper house of parliament) commission on Thursday.

Navalny ally Ivan Zhdanov said the two companies were making a big mistake. 

He linked to an Apple statement that explained the Smart Voting app had been removed because it was illegal in Russia and that Navalny’s FBK anti-corruption organisation had been designated as extremist.

Russia’s communications watchdog blocked the Smart Voting website earlier this month, and a Moscow court banned search engines from any mention of it.

Until now, relatively small fines have been imposed on non-Russian tech companies, including Twitter and Facebook, for not deleting content considered illegal by the Russian government. But the media watchdog has now threatened to target their turnover too.

Last March, the media watchdog said it was slowing down the speed of Twitter because it had failed to remove 3,000 posts relating to suicide, drugs and pornography. 

The big social media companies were also threatened with fines if they did not delete posts urging young people to protest.

#AceNewsDesk report ………Published: Sept.18: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#apple, #election, #google, #moscow, #parliamentary, #putin, #russian

(HONG KONG) JUST IN: Free Press Report: Police raid ‘Apple Daily News’ office and seize journalistic materials saying they are being arrested under national security #AceNewsDesk report

#AceNewsReport – June.17: It was the second time in 10 months that the newspaper, founded by Jimmy Lai, had been raided. Police said the warrant used on Thursday was issued under the security legislation, and gave them power to search for and seize journalistic material:

#AceDailyNews says for a second time ……HONG KONG: Police raid Apple Daily office, editor-in-chief among 5 arrested under national security law over articles: Hundreds of Hong Kong police officers raided the pro-democracy newspaper Apple Daily on Thursday and arrested five senior executives on suspicion of violating the national security law by publishing articles which called for sanctions on Beijing or the city.

HFP by Kelly Ho14:00, 17 June 2021 Secretary for Security John Lee meets the press on June 17, 2021 after police arrested senior executives of local pro-democracy newspaper Apple Daily. Photo: RTHK screenshot.

Dozens of Hong Kong police enter Apple Daily’s headquarters in Tseung Kwan O on June 17, 2021. Apple Daily

by Kelly Ho14:00, 17 June 2021

Lai, 73, who was arrested during the first raid last August, is serving 20 months in prison for protest-related offences and also faces charges under the Beijing-imposed security law, which provides for penalties of up to life imprisonment.

Police said four men and one woman – aged 47 to 63 – were apprehended for allegedly colluding with foreign forces to endanger national security. At least two of them were handcuffed.Apple Daily’s editor-in-chief Ryan Law is led away. Photo: Apple Daily.

According to local media, those arrested included Next Digital CEO Cheung Kim-hung and Chief Operating Officer Royston Chow, Apple Daily’s Editor-in-Chief Ryan Law, Associate Publisher Chan Pui-man and Cheung Chi-wai, who manages the newspaper’s online news platform. All were arrested in the early hours at their homes.

National Security Unit Senior Superintendent Steve Li said the operation was launched at 6 a.m. and involved around 500 officers. He said HK$18 million worth of assets belonging to three companies linked to Apple Daily had been frozen.

Li said the alleged offence involved around 30 Chinese and English Apple Daily articles published since 2019. He said the articles were “strong evidence” and the “focus” of an alleged conspiracy of asking foreign powers to impose sanctions on China or Hong Kong.

Asked whether the articles in question were news articles or opinion pieces, Li did not give a direct response: “The natures of the articles is very simple, just inciting, requesting the foreign country to impose sanctions to Hong Kong and the People’s Republic of China. Very straightforward.”Photo: Apple Daily.

Asked whether citizens would risk violating the security law by sharing such articles, Li said police would have to look at the intention. “But as a law enforcer, I have some advice for people – do not draw suspicion to yourself, if it is not something you wish to spread.”A police private vehicle carries Apple Daily’s Editor-in-Chief Ryan Law to the Apple Daily office on June 17, 2021. Photo: Candice Chau.

Editors handcuffed

Police said the five arrested senior executives are being detained for investigation. The tabloid’s chief editor Law was seen being escorted by police to the newspaper’s office at around 9.30 am.

Next Digital chief executive Cheung Kim-hung arrived in the Tseung Kwan O office in handcuffs at around 10 am. Police forced their way into Chan Pui-man’s flat, according to StandNews. Photo: StandNews.

Police broke into his flat in the early hours, according to StandNews.A police private vehicle carries Next Digital CEO Cheung Kim-hung to the office on June 17, 2021. Photo: Candice Chau.

Lawyer Barry Hoy was seen outside the Apple Daily office in Tseung Kwan O. He entered the building shortly after Cheung was brought inside. Lawyer Barry Hoy arrives at the Apple Daily office at around 9.50 am on June 17, 2021. Photo: Candice Chau/HKFP. 

Police said their operation was not targeting the press, adding the force “had no choice” but to enforce the law inside a media company.

Office raided again

Photo: Apple Daily.

“The operation, still ongoing, aims at gathering evidence for a case of suspected contravention of the National Security Law,” a police statement read. 

According to Apple Daily, some police officers accessed reporters’ computers and searched for information. Journalists were told to leave the editorial department and wait elsewhere. They could not move around freely inside the building.Apple Daily said some officers accessed reporters’ computers during the raid. Photo: Apple Daily.

Some officers stopped reporters from filming the search, the newspaper said.Photo: Apple Daily.

Reporters were told by editorial management to carry on with their work assignments today, a senior reporter told HKFP.

Trading halted

Next Digital suspended trading before the market opened, according to a stock exchange notice.

Lai was arrested last August for alleged collusion with foreign forces and conspiracy to defraud. Over 200 police entered the newspaper’s headquarters on that occasion and seized at least 30 boxes of evidence. Police register information of those who enter the Apple Daily office building on June 17, 2021. Photo: Candice Chau. 

The media mogul later faced an additional charge in April for allegedly conspiring to collude with foreign powers. He was said to have connived with his top aide Mark Simon, activist Andy Li, legal assistant Chan Tsz-wah and self-exiled activist Finn Lau. He also stands accused of conspiring to pervert the course of justice by allegedly helping activist Li flee Hong Kong.Jimmy Lai. File photo: StudioIncendo.

Lai is set to stand trial in the city’s High Court, where the maximum penalty is life in prison. He is currently serving 20 months behind bars for three unauthorised 2019 protests.

In June 2020, Beijing inserted national security legislation directly into Hong Kong’s mini-constitution – bypassing the local legislature – following a year of pro-democracy protests and unrest. It criminalised subversion, secession, colliusion with foreign forces and terrorist acts, which were broadly defined to include disruption to public transport and other infrastructure. The move gave police sweeping new powers, alarming democrats, civil society groups and trade partners, as such laws have been used broadly to silence and punish dissidents in China. However, the authorities say it has restored stability and peace to the city.

#AceNewsDesk report ………Published: Jun.17: 2021:

Editor says #AceNewsDesk reports by https://t.me/acenewsdaily and all our posts, also links can be found at here for Twitter and Live Feeds https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#apple, #free-press, #hong-kong, #jounalism, #youtube

NEW YORK: ‘ APPLES FIRST COMPUTER EVER BUILT IS SOLD FOR $905,000 AND BOUGHT BY HENRY FORD MUSEUM ‘

#AceWorldNews – UNITED STATES (New York) – October 23 – One of the first Apple computers ever built has sold in New York for $905,000, AFP reported.

Apple-1

APPLES FIRST COMPUTER EVER BUILT IS SOLD FOR $905,000 AND BOUGHT BY HENRY FORD MUSEUM

It was bought by the Henry Ford Museum in Dearborn, Michigan, Bonhams auction house said, declaring the purchase the world’s most expensive computer relic.

The Apple-1 computer was built by hand in 1976 by Steve Wozniak in Apple co-founder Steve Jobs’ garage or his sister’s bedroom.

The computer fetched nearly twice its pre-sale high estimate, Bonhams said.

Source: 

#ANS2014 

#apple, #henry-ford-museum, #new-york, #united-states

` While Americans pay their `Taxes ' Corporations like `Apple ' avoid theirs by moving billions to `Tax Havens '

#AceFinanceNews says Apple has shifted billions in untaxed profits from its Australian operations to Ireland over the past decade, a report said on Thursday.

The Australian Financial Review obtained 10 years’ worth of financial accounts for Apple Sales International – an arm of the organization it described as the “secretive” Irish company at the heart of the group’s global tax arrangements, AFP reported.

The newspaper said the US tech giant moved an estimated US$8.1 billion in untaxed profits from Australia to a tax haven structure in Ireland, paying just 0.7 percent of its turnover in tax.

Apple in Australia has previously said it has done everything required by the tax office.

#AFN2014

#afp, #apple, #australian, #ireland

#NSA ” Too Close to Home – Please Update Your iPhone’s, iPad’s and Apple Computers’ NOW!

#AceSecurityNews says `Apple Security flaw could be a back-door for the #NSA

"How We track Your Every Move"

“How We track Your Every Move”

Was the National Security Agency exploiting two just-discovered security flaws to hack into the iPhones and Apple computers of certain targets? Some skeptic’s are saying there is cause to be concerned about recent coincidences regarding the #NSA and Apple.

Within hours of one another over the weekend, Apple acknowledged that it had discovered critical vulnerabilities in both its iOS and OSX operating systems that, if exploited correctly, would put thought-to-be-secure communications into the hands of skilled hackers.

An attacker with a privileged network position may capture or modify data in sessions protected by SSL/TLS, the company announced.

Apple has since taken steps to supposedly patch up the flaw that affected mobile devices running its iOS operating system, such as iPhones, but has yet to unveil any fix for the OSX used by desktop and laptop computers.

As experts investigated the issue through the weekend, though, many couldn’t help but consider the likelihood — no matter how modicum — that the United States’ secretive spy agency exploited those security flaws to conduct surveillance on targets.

On Saturday, Apple enthusiast and blogger John Gruber noted on his personal website that information contained within internal NSA documents leaked by former intelligence contractor Edward Snowden last year coincide closely with the release of the affected mobile operating system, iOS 6.

According to a NSA slideshow leaked by Mr. Snowden last June, the US government has since 2007 relied on a program named PRISM that enables the agency to collect data “directly from the servers” of Microsoft, Yahoo, Google, Facebook and others. The most recent addition to that list, however, was Apple, which the NSA said it was only able to exploit using PRISM since October 2012.

"Tracking Your Every Move"

“Tracking Your Every Move”

The affected operating system — iOS 6.0 — was released days earlier on September 24, 2012.

These facts, Gruber blogged, “prove nothing” and are “purely circumstantial.” Nevertheless, he wrote, “the shoe fits.”

With the iOS vulnerability being blamed on a single line of erroneous code, Gruber considered a number of possibilities to explain how that happened.

Conspiratorially, one could suppose the #NSA planted the bug, through an employee mole, perhaps. Innocuously, the Occam’s Razor explanation would be that this was an inadvertent error on the part of an Apple engineer,” he wrote.

Once the bug was in place, the #NSA wouldn’t even have needed to find it by manually reading the source code. All they would need are automated tests using spoofed certificates that they run against each new release of every OS. Apple releases iOS, the #NSA’s automated spoofed certificate testing finds the vulnerability, and boom, Apple gets ‘added’ to PRISM.

RT

 

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#acesecuritynews, #edward-snowden, #edward-snowden-gchq, #apple, #google, #ios, #ios-6, #iphone, #john-gruber, #national-security-agency, #united-states

” When our Smart Appliances become to Smart for their Own Good”

#AceNewsServices says `Google Buys Nest — Maker Of The ‘Smart Thermostat’ — For $3.2 Billion to `Spy on your Live’s’

This post was provided by Yahoo Tech on the 15 January following a `Press Release’  

Jason O. Gilbert
Jan 14, 2014
OK, Google: Turn down the temperature in the living room, won’t you?

On Monday afternoon, Google announced via press release that it had agreed to acquire Nest Labs, maker of a critically acclaimed “smart thermostat” and “smart smoke detector,” for $3.2 billion. The move gives Google ammo in a new battle over home electronics, being waged by several companies both large and small, to reinvent familiar gadgets within the home as smartphone-controlled, Internet-connected devices. (Read more about this fight here.)

The Nest Learning Thermostat — Nest Labs’ first and most well-known product, released in 2011 — was widely praised for its beautiful design, intuitive interface and so-called “smart” features: Programmable via your smart phone, the Nest Learning Thermostat could educate itself about the temperatures you prefer at certain times of day; sense when you weren’t at home and shut itself off; and perform other functions designed to save you money and keep you comfortable.

Nest followed up its 2011 “smart thermostat” with 2013’s Nest Protect, a “smart smoke detector” which can also be controlled via smart phone, which sends alerts to your phone, and which interacts with other Nest smoke detectors throughout the house.

The CEO and Co-Founder of Nest Labs is Tony Fadell, a former Apple executive who is often referred to as the godfather of the iPod. Fadell is widely credited with bringing the simplicity of Apple design to an unloved appliance with both the Nest Learning Thermostat and Nest Protect.

The $3.2 billion deal for Nest Labs represents a little over 5 percent of Google’s available cash-on-hand, and is the second-largest in Google’s history; only its $12.5 billion acquisition of Motorola came in higher. Nest will continue to operate as its own distinct brand after the close of the deal, Google said, which should come in the next few months, pending regulatory approval.

 

 

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#acenewsservices, #3-2-billion, #apple, #google, #ipod, #nest-labs, #smoke-detector, #tony-fadell, #yahoo-tech

“Dell Apologies for #NSA Spying Debacle”

AP Dell#AceSecurityNews says according to the latest RT Security researcher Jacob Appelbaum dropped a bombshell of sorts earlier this week when he accused American tech companies of placing government-friendly back-doors in their devices. Now Texas based Dell Computers is offering an apology.

Or to put it more accurately, Dell told an irate customer on Monday that they “regret the inconvenience” caused by selling to the public for years a number of products that the intelligence community has been able to fully compromise in complete silence up until this week.

Dell, Apple, Western Digital and an array of other Silicon Valleyfirms were all name-checked during Appelbaum’s hour-long presentation Monday at the thirtieth annual Chaos Communication Congress in Hamburg, Germany. As RT reported then, the 30-year-old hacker-cum-activist unveiled before the audience at the annual expo a collection of never-before published National Security Agency documents detailing how the NSA goes to great lengths to compromise the computers and systems of groups on its long list of adversaries……………… More at RT

Courtesy of RT

 

#apple, #chaos-communication-congress, #dell, #germany, #hamburg, #jacob-appelbaum, #national-security-agency, #nsa, #united-states, #western-digital

#AceNewsAlert: “Apple Devices Have Been 100% Successfully Infected By #NSA”

#AceSecurityNews says “Apple Devices have been successfully infected by the #NSA   according to this new alert just in from #AceNewsDesk 

All Apple devices have been successfully infected by the #NSA with spyware, according to new documents published by Der Speigel, the German magazine.

by Jim Edwards on Dec 30, 2013, 2:34 PM

We first saw the story on The Daily Dot, and it is chilling:

An #NSA program called DROPOUTJEEP allows the agency to intercept SMS messages, access contact lists, locate a phone using cell tower data, and even activate the device’s microphone and camera.

… According to leaked documents, the #NSA claims a 100 percent success rate when it comes to implanting iOS devices with spyware. The documents suggest that the #NSA needs physical access to a device to install the spyware—something the agency has achieved by rerouting shipments of devices purchased on-line—but a remote version of the exploit is also in the works.

Here’s a copy of a #NSA document explaining how “DROPOUTJEEP,” its Apple spyware, works:

nsa apple S3222_DROPOUTJEEP

It’s not the first time we’ve seen documents alleging that the #NSA spies on Apple customers. #NSA leaker #Edward-Snowden produced an NSA document that calls Steve Jobs “Big Brother” and his customers “zombies.”

This video lecture was published today by the journalist who got the scoop:

 

#acesecuritynews, #apple, #daily-dot, #der-spiegel, #idevice, #national-security-agency, #steve-jobs

” Smartphones Are All About Business and Getting Smarter by the Day”

#AceMediaNews says ” Smartphones Are All About Business…Funny Business” 

“I have always known about man. From the evidence, I believe his wisdom must walk hand in hand with his idiocy. His emotions must rule his brain.” – Dr. Zaius,  “Planet of the Apes,” 20th Century Fox, 1968

Have you noticed that Apple and Samsung have both lowered their sales projections?

Have you noticed that companies like Huawei, Lenovo, ZTE, Coolpad, Xiaomi and Oppo have all raised their projections?

O.K., they aren’t household names but they will be soon, at least household names in certain parts of the globe.

That’s because these firms (and probably hundreds of no-names you’ll never hear of) are doing something Apple and Samsung won’t or don’t want to do … make a cheap – really cheap – smartphone.

Sure, we know you don’t care. You love your iPhone or Galaxy because it lets you do just about everything and be in touch with just about everyone.

Got something to do?

There’s an app for that.

Want to avoid something you need to do?

There are hundreds of apps for that.

The problem is, worldwide, more folks who can’t afford to drop the equivalent of a year’s plus salary for one of those two phones than there are of people who can afford them!

Emerging Share – While the industrial countries account for more of the expendable income, people in emerging countries are making it known they are ready for technology. China and India both have populations of about a billion each. Add the people in Brazil, Russia and a few other countries and you’re talking serious markets who are smart phone  ready!

The folks most interested in getting their hands on a smart phone to do everything are those individuals living in the BRIC (Brazil, Russia, India, China) countries.

The Chinese like the sleek look of the iPhone and Galaxy and everything you can do with them; but cripes, the iPhone 5 costs about $780 in China and the Galaxy S4 costs about $850 … jeezz!

And they have to pay full price because Chinese carriers didn’t buy into the idea of a phone subsidy to get you into the habit of using their service.

So the ingenious Chinese figure they can knock there socks off and give their countrymen – and the world – what they really want…a cheap look-alike smart phone.

Analysts at Bernstein figure that could mean about 300M phones a year in China and an equal number in the rest of the BRIC.

Sure, they could use their old flip-phones to make calls but they want to do what you do …look cool… play games.

Look at U.S. mobile gamers as an example – 17.7 percent will use their feature phone for gaming by 2017, but 90 percent of smart phone users will do the same with their everything device.

Don’t you think the ROW (rest of the world) will want to do the same?

Well Yeah!

As George Taylor said, “Chalk up another victory to the human spirit.”

That’s great news for Japanese mobile social gaming firms DeNA and GREE. When it comes to monetizing their users they’re more efficient than anyone else.

That’s probably why Zynga bribed Don Mattrick, the head of Microsoft’s Xbox business, with a pay package that could be worth about $50M to give them a more global look at the market.

Despite all the business and store apps that are available to you and me, just remember the one thing we (O.K., you and my kids) want to do is play games.

Keeping Limber – Smartphones let people do a lot of things and stay in touch with a lot of people; but the thing most users add are a few dozen games to keep them from getting bored. Ironically, most of the game play on their go-anywhere mobile device is at home.

Gamers are gamers, no matter where they live; or, as Julius said, “You know the saying, “Human see, human do.”

No wonder DeNa and GREE are glad to see those cheap smartphones coming out and why Zynga went on a staff diet and wrote a big check for a new boss.

Global Potential – The game industry has always been strong with all age groups, even though Boomers and Gen Xers don’t admit it. In the emerging economies, the potential for mobile game play is very strong because the device is often their first and only computing/communications device and the potential for mobile games – especially with less expensive smartphones – will be tremendous for developers.

While console and PC games made healthy contributions to the 39 percent gaming growth that showed a respectable $960M in sales last year in the U.S., mobile will take the lead–especially in developing countries where the phone is their primary computing/communications device.

Researchers at Newzoo project that much of the growth will come from the Asia-Pacific and Latin American countries and that the new lower-cost smartphones could help game developers rake in about $12.3B by the end of the year

There’s no reason the model that has worked so well in the EU and Americas won’t work just as well (translation – profitably) in countries where kids play games even more than ours.

All Segments Strong – With the introduction of new game consoles and ultralight notebooks, the console/PC market segment should continue to be good. But new generations of mobile devices (especially low-cost smartphones) should kick mobile gaming into high gear.

In the U.S., game developers make their money from a combination of paid downloads, in-game purchases of virtual goods and in-game advertising.

And the market is rapidly evolving to free, platform-agnostic games supported by a combination of ads and virtual goods sales.

Multiply the U.S. figures by even 10 and suddenly you’re talking about a serious pocket of change!

Profit Play – Whether they are paid or free games, creative developers have also figured out how to turn a profit with the games people play. With the rapid ramp-up of cheap smartphones that have a good “look/feel,” the open platform games could become even more profitable.

Yep, the market is going to be big, huge even; and there’s nothing out there to make me believe that the new potential gamers will be any different from the people doing it right now … yes, right now!

According to eMarketer, more than half of the U.S. and EU mobile phone users will play games on their phones this year. (The other half will lie about it.)

Even though 44 percent primarily play games at home, 22 percent said they played “while waiting for something” and 21 percent played while traveling.

While females tended more toward puzzles, guys preferred action and sports games (about 3 to 1 in each category).

Game Categories – Game developers don’t really develop new games, new segments, new features for themselves, they design them for the guys/gals so they buy more and more and more. While males tend to prefer sweaty palms and brutal action, the ladies prefer finesse, talent and eye/hand/mind coordination to win.

At the same time, the tastes in game play changes with the various age groups.

Adrenalin- pumping action games tend to appeal more to the younger crowds while older players of both sexes tend to migrate to puzzle games.

Both GREE and DeNA have a very broad user base by offering games to fit every age group and play preferences.

With more smartphones being designed for consumers in emerging markets, the growth potential for the Chinese device manufacturers – and mobile game producers – should be very strong in the coming years.

According to Canalys, Samsung presently has 20 percent of the Chinese market, and several “hometown” companies have surpassed Apple’s 8 percent market share.

Local competitors are going to make it tough for Apple and Samsung because Chinese smart phone shoppers are concerned about brand image and the look/feel, but they are still concerned with price.

Both market leaders will have to deliver lower-cost units to retain and grow their market share without diluting the value (and profit) from their high-margin units.

The move is important for Apple and Samsung because Chinese switch phones far more often than folks in the West — generally after about six months, compared with every two years or so in developed economies.

And doing well at home will help the Chinese smartphone producers export their devices to the rest of the emerging countries around the globe.

As more of the economic smartphones are sold, more kids will download games and the mobile game market that can be monetized will continue to get bigger.

As George Taylor exclaimed, “It’s a mad house! A mad house!”

While the device manufacturers are happy to boost the mobile gamer market, they do draw the line as Dr. Zira did when she said, “All right, but you’re so damned ugly.”

#AceMediaNews

 

#acemedianews, #apple, #bric, #china, #coolpad, #dena, #games, #gree, #iphone, #smart-phone, #smartphone, #smartphones

#AceBreakingNews says this is courtesy of Rob Cox…

#AceBreakingNews says this is courtesy of Rob Cox – Author Reuters Breaking Views columnist. The opinions expressed are his own.
Can General Electric keep activist investors at bay? If the gates at Apple, Microsoft and Procter & Gamble can be rattled, complacency just is not an option for any company, even and maybe especially a $270 billion conglomerate. While GE’s broad strategy looks more coherent than ever, the Connecticut giant still has two potential vulnerabilities: its finance arm and its long-time leader Jeffrey Immelt.

Corporate America has learned of late that size offers no immunity from the braying of ornery shareholders. A $320 billion market value did not shield Microsoft from the pressures of Value Act Capital, which nabbed a board seat and accelerated the exit of Chief Executive Steve Ballmer. Even bigger Apple, and boss Tim Cook, have been targeted by both David Einhorn and Carl Icahn to return more cash to shareholders. A long-standing reputation as a consumer-products stalwart did not protect $220 billion P&G from the advances of Bill Ackman.

GE has so far kept clear. Its executives, however, seem to be cognizant of how quickly that could change. The engines-to-dishwashers manufacturer has been proactively restructuring in ways that could wisely head off rabble-rousers. GE is reducing its exposure to finance, and in recent years exited businesses like NBC Universal, deemed ancillary to a strategy focused on global infrastructure.

As a result, the existing configuration of GE’s industrial portfolio looks better positioned to take advantage of a middle-class future. That world, to put it simply, involves more people around the globe seeking better healthcare, travelling on jet planes and gaining access to clean water and abundant energy – from which they can run GE appliances.

So what would an activist investor go after at GE? The most obvious weak spot is GE Capital. During the financial crisis, the division’s balance sheet of some $550 billion overshadowed the world-class industrial businesses. The need to finance a large financial institution without a stable base of deposits stoked fears GE might even need to jettison valuable assets. GE Capital has since pared its balance sheet by almost a third.

There’s also more to come. In November, GE said it would begin the process of spinning off its consumer finance business, which carries some $59 billion of assets. Once the divestiture is completed, GE Capital will have a loan book of about $350 billion. That’s far below its peak. Yet it still puts GE Capital on a par with U.S. Bancorp and renders it among the country’s biggest financial institutions.

Some of this is easy to justify. About a quarter of GE Capital’s assets will be devoted to what it calls “GE Verticals” where it uses its balance sheet to help finance customer purchases of GE products. But it still envisions tying up more than half its assets in lending and leasing initiatives and some $50 billion in commercial real estate. To investors wanting a more focused, industrial GE, this could provide a potential soft spot.
Courtesy of Rob Cox – Author Reuters Breaking Views columnist. The opinions expressed are his own.

#breaking-views, #apple, #ge-capital, #microsoft, #proctergamble, #reuters, #rob-cox, #steve-balmer