Apple Inc. (NASDAQ:AAPL) introduced a new feature in its iOS 7. Apple’s iPhone with iOS 7 had a feature named ‘tracking frequent location’. This feature keeps track of places visited by the user and also the frequency of visits. Chinese Government recently called the feature as threat to their national security. They feel that the data logged on device could be used to leak confidential state secrets, countries economy details, etc. They also said that they would held Apple Inc. (NASDAQ:AAPL) responsible if anything like that happens.
Bloomberg’s Scarlet Fu reported on the Top Company news regarding the tussle between Apple Inc. (NASDAQ:AAPL) and Chinese Government. She also reported about two high profile acquisition deal that will happen.
She said that Apple had denied all the charges made by Chinese Government. She reported about the Chinese stand on this which said IPhone poses security risk and location security software could lead to leak of state secrets.
“But Apple says its software can’t be used to identify the activities of individuals in China,” Fu Said.
Apple Inc. (NASDAQ:AAPL) also said that the software was meant for users to track their daily routine at a quick glance. They also said that there was no intention from company to track any individual and data stored in the device is not accessible to the company. The user has options to turn off the software at any point in time.
Apple Inc. (NASDAQ:AAPL) currently hold only 6% of Chinese mobile market and this issue may stand as a big obstacle for its growth in China.
In addition to Apple news, Fu talked about AECOM Technology Corp (NYSE:ACM)’s plan to acquire URS Corp (NYSE:URS) for $4 billion. She also talked about Japan’s Softbank Corp (OTCMKTS:SFTBY)’s plan to buy US based T-Mobile Us Inc. (NYSE:TMUS).