Chinese state TV annoyed by NSA, takes it out on Apple

The WSJ reports that the state-run China Central TV has described the iPhone as a “national security concern” due to its location-tracking capabilities.

In its national noon broadcast, state-run China Central Television criticized the “frequent locations” function in Apple’s iOS 7 mobile operating system, which tracks and records the time and location of the owner’s movements. The report quoted researchers who said that those with access to that data could gain knowledge of the broader situation in China or “even state secrets” …

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Wall Street ranks Apple world’s most respected company, analysts raise target share prices

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Barron’s reports that institutional investors have returned Apple to its number one slot in its annual ranking of the world’s most respected companies, after it was beaten last year by Berkshire Hathaway.

Apple topped this year’s ranking by scoring 3.94, giving it a wide margin of victory. Berkshire scored 3.58, and the mean was 2.37. Apple received the highest number of Highly Respect votes …

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AAPL climbs to #5 in Fortune 500 as gross revenues reached $170B

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Apple’s gross revenues of $170B were enough for the world’s most valuable company by market cap to climb one place in the Fortune 500 ranking, from 6th to 5th place.

Apple was placed behind Walmart, Exxon, Chevron and conglomerate holding company Berkshire Hathaway (which owns large chunks of such well-known brands as Heinz, Coca-Cola, Mars and American Express). Phillips 66, General Motors, Ford Motor, General Electric and Valero Energy make up the rest of the top 10.

While Apple ranks fifth in terms of revenues, its huge cash reserves mean that it has tended to alternate with Exxon as the world’s most valuable company when measured by market capitalization, and is arguably significantly undervalued by most measures …  Read more

Opinion: It’s time to bring back the mobile professional’s workhorse, the MacBook Pro 17

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Many of us were deeply disappointed when Apple discontinued the MacBook Pro 17. While the Retina MacBook Pro 15 introduced at the same time offered higher resolution, sometimes there’s just no substitute for physical screen size. Photographers and videographers in particular loved the combination of the sheer size and the option of a matte screen.

I loved mine enough to immediately sell the three-year-old one I owned at the time in order to replace it with the last model made, to maximize its useful life. I still love it enough that I’ve just laid out a thousand bucks on a 2.5-year-old machine to fit 2TB of SSDs, giving it the best of both worlds: lightning-fast performance combined with huge storage that allows me to have all my files with me when I travel.

There may not be too many others who’ll follow my admittedly extravagant example, but I do think it’s time for Apple to revisit its decision and bring back the mobile professional’s workhorse …  Read more

Wall Street unimpressed by Beats acquisition: “Not what we want to see”

Wall Street

Judging by a roundup in The Wall Street Journal, analysts and investors appear not to share the enthusiasm for Beats acquisition express by Tim Cook and Eddy Cue. While Cook said he was “excited [...] about this new chapter in our history” and Cue believed that “combining the two companies will help [music] grow again,” Wall Street is more skeptical.

“To see this kind of money spent for a company that gets most of its revenue from hardware business is not what we want to see,” said Dan Niles, chief investment officer of hedge fund AlphaOne Capital Partners …

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