Tag Archives: apple
WhatsApp Just Added End-To-End Encryption For Over 1 Billion Users
The Apple ( AAPL )-FBI over iPhone privacy is so last month. While the FBI may have cracked the smartphone used by one of the San Bernardino terrorists, Facebook ( FB ) unit WhatsApp on Wednesday launched end-to-end encryption. More than one billion people use Facebook’s WhatApp. WhatsApp founders Brian Acton and Jan Koum explained how the system will work in a blog post. “From now on when you and your contacts use the latest version of the app, every call you make, and every message, photo, video, file, and voice message you send, is end-to-end encrypted by default, including group chats. The idea is simple: when you send a message, the only person who can read it is the person or group chat that you send that message to. No one can see inside that message. Not cybercriminals. Not hackers. Not oppressive regimes. Not even us.” That means that WhatsApp couldn’t help governments crack your messages even if it wanted to. The app will work for the Apple iPhone, as well as smartphones using Alphabet-owned Google Android software or any other mobile device. Koum, who is WhatsApp’s CEO and a former Yahoo ( YHOO ) employee along with Acton, cited his childhood in the communist Soviet Union as key to his “desire to protect people’s private communication.” Facebook stock fell 0.3% to 112.22 in the stock market today . The stock is near a buy point of 117.69, which would be a new high. Facebook could be forming a handle that would create a slightly lower buy area. Apple fell 1.2% to 109.80 Tuesday after crossing above its 200-day line Monday and failing to close above that level. Alphabet fell 0.8% to 758.67, below a buy point at 810.45. Yahoo retreated 1.65%.
Apple Should Be Valued Like Internet, Not Hardware, Company
Apple ( AAPL ) is grossly undervalued because investors wrongly treat it like a computer hardware company, Needham analyst Laura Martin said in a research report Tuesday. Martin initiated coverage of Apple with a strong buy rating and a 12-month price target of 150. Apple stock fell 1.2% to 109.81 on the stock market today . Based on four different valuation methodologies, Apple’s long-term value is 180, or 64% above current levels, she said. “For each of the past five years, Apple’s profit margins have been higher than Disney ’s ( DIS ) and its asset productivity (i.e., earnings per asset employed) have been higher than Facebook ’s ( FB ),” Martin said. Apple “should not be valued like a hardware company if its fundamentals are better than world-class content and Internet companies.” If Apple were valued as a top content or Internet company, its shares likely would trade at 200, she said. Apple’s business also is similar to a cable company’s recurring subscription model, she said, and Apple’s iPhone customers are predictably loyal and upgrade to the latest smartphones roughly every two years. If Apple was valued at an average cable company multiple today (even though Apple has a far less capital-intensive business model), Apple would trade at 180, she said. Under Needham’s worst-case scenario, where Apple has 1 billion active devices and zero unit growth for the next 20 years, the stock still should be valued at 168, she said. RELATED: Apple Stock Rises On Upbeat Analyst Reports, Video Services Upside