Apple’s Cyber Security Flaws Didn’t Stop It Reaching $3 Trillion

Last year Apple issued emergency software updates for a critical vulnerability in its products after security researchers uncovered a flaw that allows highly invasive spyware from Israel's NSO Group to infect anyone's iPhone, iPad, Apple Watch or Mac computer without so much as a click.

Indeed, Apple has had very serious problem undermining iPhone’s security and privacy credentials. It turns out that what happens on your iPhone, doesn’t always stay on your iPhone. 

The discovery means that more than 1.65 billion Apple products in use worldwide have been vulnerable to NSO’s spyware since at least March.  And yet, Apple has now become the first company to hit a stock market valuation of $3tn (£2.2tn).

The US technology giant's share price has risen by around 5,800% since co-founder and former chief executive Steve Jobs unveiled the first iPhone in 2007. Apple was also was the first US company to hit $2 trillion in August 2020, during the Covid-19 pandemic that stoked demand for personal electronics and digital services, such as Apple's streaming and smartphone app store.

Investors are expecting the iPhone maker to continue to thrive after stellar pandemic growth, with customers eager to continue to purchase products such as MacBooks. The company is also eyeing new markets including automated cars and virtual reality, in addition to its staunch existing portfolio. 

A pandemic-era surge in tech stocks has driven the major US tech companies to new highs, pulling US stock markets with them. 

In China, the world's largest smartphone market, Apple continued to lead for the second straight month, beating rivals such as Vivo and Xiaomi, recent data from CounterPoint Research showed. "Hitting $3 trillion is another historical moment for Apple as the company continues to prove the doubters wrong," one fincial analyst said.

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. In August, Apple's chief executive Tim Cook received more than five million shares in the firm, although a A company filing with the US Securities and Exchange Commission showed that he sold most of the shares for more than $750m.

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.

Apple is now more valuable than the combined values of Boeing, Coca-Cola, Disney, Exxon-Mobil, McDonald’s, Netflix and Walmart.

Apple shares have risen 38% since the beginning of 2021, one of the largest gains on the Dow Jones industrial average stock market index. Apple shared the $2 trillion market value club with Microsoft Corp, which is now worth about $2.5 trillion.

In comparison, Alphabet, Amazon and Tesla Inc have market values above $1 trillion, while Saudi Arabian Oil Co is valued at about $1.9 trillion.

CityAM:   BBC:     Guardian:     Geo.tv:    Irish Independent:     Bangkok Post:     Daily Star

You Might Also Read: 

Apple Hammered By EU:

 

 

« Kazakhstan Shuts Down The Internet
The Cyber Skills Shortage & Training Gap - What Is The Solution? »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

DigitalStakeout

DigitalStakeout

DigitalStakeout enables cyber security professionals to reduce cyber risk to their organization with proactive security solutions, providing immediate improvement in security posture and ROI.

MIRACL

MIRACL

MIRACL provides the world’s only single step Multi-Factor Authentication (MFA) which can replace passwords on 100% of mobiles, desktops or even Smart TVs.

Clayden Law

Clayden Law

Clayden Law are experts in information technology, data privacy and cybersecurity law.

CSI Consulting Services

CSI Consulting Services

Get Advice From The Experts: * Training * Penetration Testing * Data Governance * GDPR Compliance. Connecting you to the best in the business.

Cylance Smart Antivirus

Cylance Smart Antivirus

An antivirus that works smarter, not harder, from BlackBerry. Lightweight, non-intrusive protection powered by artificial intelligence. BUY NOW - LIMITED DISCOUNT OFFER.

XYPRO Technology

XYPRO Technology

XYPRO is the market leader in HPE Non-Stop Security, Risk Management and Compliance.

CYRIN

CYRIN

CYRIN® Cyber Range. Real Tools, Real Attacks, Real Scenarios. See why leading educational institutions and companies in the U.S. have begun to adopt the CYRIN® system.

ZenGRC

ZenGRC

ZenGRC - the first, easy-to-use, enterprise-grade information security solution for compliance and risk management - offers businesses efficient control tracking, testing, and enforcement.

Cyber Security Supplier Directory

Cyber Security Supplier Directory

Free Access: Cyber Security Supplier Directory listing 5,000+ specialist service providers.

Perimeter 81

Perimeter 81

Perimeter 81 is a Zero Trust Network as a Service designed to simplify secure network, cloud and application access for the modern and distributed workforce.

RoboForm

RoboForm

RoboForm's industry-leading encryption technology securely stores your passwords, with one Master Password serving as your encryption key.

SWAMP

SWAMP

SWAMP offers a suite of secure and dependable analysis services, to help reduce the number of security vulnerabilities deployed in software.

Information Security Research Association (ISRA)

Information Security Research Association (ISRA)

ISRA is a non-profit organization focused on various aspects of Information Security including security research and cyber security awareness activities.

EnsuredIO

EnsuredIO

EnsuredIO offers a comprehensive Cyber Security testing service. We provide end-to-end Ethical Hacking and Penetration Testing, Application Security Testing and Quality Assurance.

LEADS

LEADS

LEADS is considered as a leading ICT Solution Provider and an IT partner of choice in Bangladesh.

Approach

Approach

Approach is a leading provider of cyber security consulting and secure application development services in Belgium.

Char49

Char49

Char49 specialize in Penetration Testing, Red Team Assessment, Social Engineering and Security Research.

Dynamic Quest

Dynamic Quest

Dynamic Quest is a managed IT, cloud and security services companies, providing a comprehensive range of technology services including cybersecurity, backup and disaster recovery.