china ▪ September 20

AAPL: 113.45

Stock Chart

iOS App Store flat

Apple has admitted that it is App Store integrity was compromised as apps were secretly infected by fake Xcode tools before submission to the App Store. The company has now officially acknowledged the problem and is now removing apps affected by this ‘hack’ from the App Store.

Developers were inadvertently submitting malware by using counterfeit versions of Xcode, Apple’s development software, to submit apps. The fake Xcode, dubbed XcodeGhost, would inject malicious code into otherwise-legitimate apps during the submission process.

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china ▪ September 18

AAPL: 113.45

Stock Chart

Apple is one step closer in its plans to take Apple Pay into the company’s second-largest market, China. The WSJ reports that Apple has created a company in the Shanghai free-trade zone specifically to operate its Apple Pay business in the country, and seeded it with $13.4M of capital.

The Apple Inc. entity, named Apple Technology Service (Shanghai) Ltd., was registered in the city’s free-trade zone on June 10, according to the Shanghai government’s company-registration database. Its business operations include technical consulting, services and system integration in the field of payments, the database showed.

With China already a bigger market for Apple than Europe, and looking set to overtake the USA in size, the potential for Apple Pay in the country is huge. Mobile payment is already widely accepted in China, with more than 300 million people using Alipay, the mobile wallet service created by ecommerce giant Alibaba …  expand full story

china ▪ September 17

AAPL: 113.92

Stock Chart

china ▪ September 16

AAPL: 116.41

Stock Chart

The Economic Times reports that Apple CEO Tim Cook is to meet Indian Prime Minister Narendra Modi later this month.

An Apple spokesperson confirmed that a meeting between its CEO Cook and PM Modi will take place. The Apple spokesperson, however, declined to comment on the topic of discussion.

It’s likely that Cook will want to discuss the possibility of official Apple Stores in the country. India does not permit manufacturer-owned stores unless a certain proportion of components are sourced within the country, forcing Apple to rely on third-party resellers …  expand full story

china ▪ September 3

AAPL: 110.37

Stock Chart

A report from the usually-reliable KGI has repeated many of the details from our exclusives on the iPhone 6S, but additionally offered support for an earlier rumor that the front camera will be upgraded to 5MP. Surprisingly, it also suggests that the rear camera lens may not be sapphire, as it has apparently failed drop tests.

Aside from upgrading rear camera module to 12MP, Apple will upgrade front camera module to 5MP […] The new iPhone may not be equipped with sapphire cover lens, as it still has quality issues on the drop test.

Although sapphire is much more scratch-resistant than Gorilla Glass, it is more brittle, and thus at greater risk of shattering when dropped.

The company also repeated its concerns that limited appeal of the new features, together with external economic factors, is likely to result in flat or negative sales growth …  expand full story

A week after IDC estimated worldwide Apple Watch Q2 sales of 3.6M units, a large Chinese app analytics company has reportedly measured more than 1M Watches in use in China. TalkingData has access to huge volumes of data as the apps it monitors include WeChat, which has more than half a billion active users, reports Business Insider …  expand full story

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