Apple Inc (NASDAQ: AAPL) Privacy Policy Has Cost Social Media Platforms About $10 Billion

Apple Inc (NASDAQ: AAPL) changed its privacy policy that led the New York Times to conduct an investigation. The report observed that due to this move, social media platforms such as Meta Platforms Inc (NASDAQ: FB) and Pay Pal Holdings Inc (NASDAQ: PYPL) had lost approximately $9.85 billion in revenue.

The App Tracking Transparency (ATT) policy requires other applications to ask for permission to track users’ data. In April, the policy went into effect and gave its consumers the option to bar applications from tracking them if they wanted to. Apple’s new policy forces social media platforms to be creative with their advertising to save their revenue.

Apple has flaws in its messaging app

Apple’s iPhone is at the top when it comes to securing the privacy of its users, as evidently seen by its crackdown on social media platforms. However, there still exists a few glaring failures that the company chooses not to fix as it puts its profits before the consumer’s security.

The architecture behind Apple’s iMessage is considered the best in the market as iMessage enables multi-device end-to-end encryption like WhatsApp but without the compromises that the social media application continues to live with.

The app ensures that all trusted devices can access the same chat histories, thus working on all devices. There are rumors that the iMessage has significant weaknesses that need fixing, such as the notion that Apple can read your messages if you forget to disable the iCloud backup features

Apple’s privacy policy

Apple announced the privacy policy at WWDC 2021 and then made its way to the iPhone with the first of the IOS 15.2 beta. The new screen’s settings come with an overview of the information that the apps on the phone have access to and what they are sharing.

Other products that Apple has developed during this year include polishing cloth. The company made the cloth out of soft material with the company’s logo. However, an article by the New York Times indicated that Apple had recalled them.

Although Apple has had a semi fulfilling year, there was a recent delay over one of its products, and thus the company asks that its consumers bear with them as they do not have the chips required.

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Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email (brendanbyrne@wallstreetpr.com) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).

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