When Apple became a trillion-dollar company about four months ago, it was a momentous triumph for the company. Although, their market value slowly went down after the excitement over the new iPhones. On the other hand, Microsoft is slowly crawling up to the top and was able to overtake Apple in market cap value for the first time in eight years.
Microsoft briefly reached US$ 812.93 billion earlier today and it was closely followed by Apple with US$ 812.60 billion. Even for just a brief time, the Redmond company became the most valuable entity in the world. Traders are still making Apple and Microsoft battle for the title as we speak.
It was in 2010 when Apple passed Microsoft due to the massive sales and popularity of the iPhones and MacBooks. Apple’s stock grew phenomenally over the years and it peaked with a US$ 1 trillion valuation.
Yet, investors started to express concern about current iPhone sales which make up about 60 percent of the company’s revenue. The Cupertino company doesn’t expect to hit market estimates for the holidays which is why stock prices are going down. There are now reports that Apple has resumed the production of an older iPhone model due to the weak sales of the latest one.
To add to the list of concerns, Apple doesn’t even want to disclose how many iPhones, iPads, and Macs it sells. This make will it harder for analysts to foresee the future of the company’s revenue and, of course, increases the risks for investors.
Things are a bit different for Microsoft which is performing pretty good since Satya Nadella took over as CEO in 2014. Unlike Apple, Microsoft has a number of revenue sources including popular services and products like Windows, Office, Xbox, and Surface. What makes most of Microsoft money though is their focus on cross-platform technologies, the cloud, and artificial intelligence.
Who could forget the failure of Windows Phone? Still, the company showed resilience and was able to keep itself on the right path. Microsoft passed Google’s and Amazon’s market value, so the leap over Apple’s is just another indication of the company’s bright future.
Until when can Microsoft hold the torch? Nobody can say for sure, but it’ll be an exciting tomorrow for the company and for all the tech giants who are constantly competing.
Huawei’s 5G technologies face potential ban in Europe
This could result in slow 5G rollout
The controversies and issues surrounding Huawei are far from over. Just last week, the telecommunications giant from China was charged by the US government with bank fraud, obstruction of justice, and theft of technology, among others. Things are not that different in Europe according to Reuters‘ latest report.
You might have heard about Huawei getting banned in certain countries including the US and Australia. These countries have restricted the Chinese company from building next-generation mobile networks or 5G infrastructure due to concerns regarding China’s National Intelligence Law which requires Chinese companies to cooperate willingly to the government when asked.
In Europe, a similar story may soon unfold as the European Commission is considering a de facto ban on Huawei’s 5G technologies within the European Union citing comparable concerns about security.
GSMA, a mobile communications industry body, is open to discuss these issues about Huawei in their next board meeting. The agenda, which was proposed by GSMA Director General Mats Granryd, will take place in late February during Mobile World Congress (MWC) in Barcelona. MWC is the industry’s biggest annual gathering spearheaded by GSMA.
As a leader in telecommunications equipment, Huawei is already in partnership with a number of operators worldwide to put up 5G infrastructure. This means a ban will make a big impact on the 5G rollout, at least in Europe. As an example, Europe’s largest telecoms company Deutsche Telekom will have to delay their 5G plans by up to three years if they have to take Huawei out of the picture.
Huawei continuously denies the existence of any backdoor granting easy access to the Chinese government. The company and its founder also deny the allegation that they would spy for China.
Data breach affects almost 9,000 Globe prepaid subscribers
All because of free tickets
Exactly 8,851 prepaid users of Globe Telecom responded to a text promo registration, and now their personal info is available for strangers to see. It appears to be a case of “wrong-send,” but this is something that users shouldn’t ignore.
Globe sent a text blast among its prepaid subscriber base for registration to an “exclusive community of Globe Prepaid customers.” To encourage people to join, the telco is raffling off free tickets to a Blackpink concert, a popular K-pop group, in Manila.
Everything seems to be just another promotional offer. But, once the confirmation email was sent to those who registered, there has been mismatching and users received personal details of another user. The emails contained someone else’s name, full address, and email address.
Globe has already acknowledged the issue with a posted statement via its GlobeICON Facebook page:
Globe Telecom has rectified the issue with affected customers on sending wrong confirmation receipt to another individual and reported the incident to the National Privacy Commission in compliance with regulatory requirements. It was just a case of sending the data registration confirmation receipt to the wrong individual and was not sent en masse or as a group of data. It only affected prepaid customers who have registered to the On The List program to avail of concert tickets and other music venues of Globe events. About 8,851 customers were affected out of 60 million prepaid customers.
Globe Chief Information Security Officer Anton Bonifacio said: “The On The List registration site was taken down immediately to remove access to potential registrants at the time and we have notified all affected prepaid customers of the issue.”
In response, the National Privacy Commission confirmed that Globe has formally notified the concerned government agency regarding the data breach.
The NPC is now “evaluating the incident and verifying the information given to us, following our standard procedure.” They also suggest that affected subscribers monitor their online and offline accounts for any unusual activity while they are looking into the issue.
US officially charges Huawei with technology theft
And 22 other charges
After a tense year of tug of war, the US Justice Department has finally pressed charges against Huawei. For most of last year, Huawei languished in judicial and geopolitical limbo. Stemming from the US, Huawei’s problems drew from shady Iran deals and cybersecurity concerns. As a result, Huawei found itself on the receiving end of numerous controversies.
Now, the war against Huawei has reached a crossroads. A month ago, Canadian authorities arrested the company’s chief finance officer, Meng Wanzhou. The incident underscored the war’s international reach and political implications. However, Meng has so far tread on relatively safe waters. Both Canada and the US have settled for house arrests. Of course, Meng’s light sentence was only temporary.
Recently, the US government has charged Meng (and Huawei) for bank fraud, obstruction of justice, and technology theft, among others. This tremendous list contains several surprises; so far, the conflict revolved only around the Iran deal and Chinese ties.
Overall, Huawei is facing 23 charges. According to the US government, the company’s fraud case comes from the Iran deal. Allegedly, Huawei misled financial institutions and the government about its relationship with Iran. Additionally, Huawei supposedly stole T-Mobile’s technology for its own purposes. The technology includes finger-mimicking hardware that tests phone durability.
Politically, the US primarily worries about the company’s ties with China’s government. However, America’s latest tactic involves throwing everything apart from the kitchen sink. Among all the US’s strategies so far, the charges will potentially inflict the most damage on US-China relations. All eyes are now on Huawei to pull a miracle against a rampaging US beast.
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