Apple $425 Per Share Case 'On The Horizon,' Analyst Says. Apple Inc. (NASDAQ: AAPL) has weathered the economic impact of the novel coronavirus pandemic in a "Jacques Cousteau-like fashion," and the consumer electronics company could become the first to cross $2 trillion in market valuation by the end of 2021, according to Wedbush. Wedbush said in an analyst note on Thursday that Apple is best set to benefit from the growth of 5G standard for cellular networks, alongside a growth in its services business. "[We] believe Cupertino has a unique opportunity to capture this delayed super cycle opportunity with a major 5G cycle on the horizon which will include a host of new smartphone versions/models for iPhone 12," Wedbush noted.
BOSTON — Google said state-backed hackers have targeted the campaigns of both President Donald Trump and former Vice President Joe Biden, although it saw no evidence that the phishing attempts were successful. Huntley said a Chinese group known as Hurricane Panda targeted Trump campaign staffers while an Iranian outfit known as Charming Kitten had attempted to breach accounts of Biden campaign workers. A Google spokesman added that “the timeline is recent and that a couple of people were targeted on both campaigns.” He would not say how many. His tweet referred to the Russian hacking of the Democratic National Committee and Hillary Clinton’s 2016 presidential campaign and subsequent online release of internal emails — some doctored — that U.S. investigators determined sought to assist the Trump campaign. Neither the Biden nor the Trump campaign would say how many staffers were targeted, when the attempts took place or whether the phishing was successful.
Apple Offering Covid-19 Testing to Staff Returning to Offices. Temperature checks are required. As the building gradually reopens, some employees are working from the Apple campus only a few days a week. The Apple campus in Cupertino, California, has several open floor work areas where staff members are used to working in close proximity, but the company will need to make changes to that layout in order to bring back the rest of its workforce. Testing is seen as one way to help control the spread of the disease, as is limiting the number of people in spaces and wearing masks. Some Silicon Valley rivals, including Facebook Inc., recently told staff they won’t be offering testing in the near future, though the company has extended remote work through the end of the year, except for those developing critical hardware, which will return sooner.
Broadcom's revenue forecast disappoints on possible Apple iPhone delay. (Reuters) - Broadcom Inc on Thursday forecast current-quarter revenue with a midpoint slightly below analysts' estimates, in part caused by a delay at a "large North American mobile phone" customer that analysts believe is Apple Inc. "We would normally expect to see a double-digit sequential uplift in revenue from the ramp of next-generation phone at our large North American mobile phone customer," Chief Executive Hock Tan said on a conference call. Tan cited a "major product cycle delay in wireless" without naming the customer, but Broadcom got about a fifth of its revenue from Apple in its most recent fiscal year and in January entered into to two multi-year agreements worth as much as $15 billion in revenue to supply Apple with wireless components.
(Bloomberg) -- Alphabet Inc.’s Google is shaking up its leadership, putting control over the company’s search engine and advertising product teams under the same person and moving leaders who have been around since the company’s founding to less visible teams. The new advertising product chief, Jerry Dischler, will report to Raghavan, signaling that the two groups will now be run by one central leader. Philipp Schindler, Google’s chief business officer who oversees the company’s advertising operation and large ad sales force, will continue to report to Chief Executive Officer Sundar Pichai. Jen Fitzpatrick, another 20-year Google employee, will move from Maps to lead a group of engineers running the company’s internal tech infrastructure.
Labeling Tesla’s Autopilot system as ‘semi-autonomous' can be dangerous. The thinking follows that calling Autopilot (already criticized for its misleading name) semi-autonomous makes it seem like the car can drive on its own. But it always requires a human driver behind the wheel and paying attention — that's something even Tesla emphasizes. A self-driving system is expected to handle a situation like this on its own. But a partially automated system like Autopilot puts the onus on the driver to snap to attention when the software doesn't figure out what to do in time. Nissan's lead tech engineer for Intelligent Transportation Systems said in an email that its ProPILOT Assist system is "fundamentally a driver-assist system" and that by "framing the feature as an assistant, a support feature, or an aid ... an individual doesn’t confuse their role as the driver or think the system/feature is 'driving' the vehicle."
Facebook has said it will begin labelling state-run media pages in its latest effort to improve transparency across the platform. At least 18 news outlets, including Russia’s RT and China’s government-owned People’s Daily, will be subject to the new measure in a bid to “help people better understand who’s behind the news they see” on the social network, said Nathaniel Gleicher, head of cybersecurity policy. “We’re providing greater transparency into these publishers because they combine the influence of a media organisation with the strategic backing of a state,” he explained. The initial list of confirmed publishers that fall under Facebook’s new labelling policy include: Press TV, Tasnim News Agency, Algerie Presse Service, Journal ech-chaab, Russia Today, Sputnik, RIA Novosti, CCTV, Xinhua News, People’s Daily, 2M.ma, Al Aoula (Morocco), Agence Tunis Afrique Presse, La Presse (Tunisia), DPRK Today, TV 5 Thailand, Philippine News Agency and People’s Television Network.
Chinese and Iranian hackers targeted Biden and Trump campaigns, Google says. FILE PHOTO: U.S. President Donald Trump delivers a statement on the ongoing protests over racial inequality in the wake of the death of George Floyd while in Minneapolis police custody, in the Rose Garden at the White House in Washington, U.S., June 1, 2020. WASHINGTON (Reuters) - State-backed hackers from China have targeted staffers working on the U.S. presidential campaign of Democrat Joe Biden, a senior Google security official said on Thursday. Last year, Microsoft Corp announced that a group often nicknamed Charming Kitten had tried to break into email accounts belonging to an unnamed U.S. presidential campaign, which sources identified as Trump's.
Shell said its production and drilling operations in the U.S.-regulated northern Gulf were unaffected despite the evacuations. The storm's impact on prices at the pump is expected to be limited because of the loss of demand from the COVID-19 pandemic, said an analyst with Gas Buddy. Five companies are removing workers from the Gulf because of Cristobal, which is forecast to pass through offshore oil production areas before striking the Louisiana coast by Monday, according to the U.S. National Hurricane Center. The company is also pulling non-essential workers from the Mad Dog platform, but production was unaffected. Norwegian state-oil company Equinor ASA <EQNR.OL> and Occidental Petroleum Corp <OXY.N> began evacuating non-essential workers on Wednesday.
Exclusive: GM plans electric van for business users in bid to pre-empt Tesla. DETROIT (Reuters) - General Motors Co <GM.N> is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment which includes customers such as Amazon.com Inc <AMZN.O> and United Parcel Service Inc <UPS.N>, five people familiar with the plans told Reuters. That multibillion-dollar strategy could enable GM, Ford Motor Co <F.N> and at least two EV startups to build and deliver more electric vehicles at a time when consumer demand for battery-powered models is still a small fraction of overall industry sales, while targeting a potentially lucrative market segment that Tesla Inc <TSLA.O> has yet to address. The GM electric van project is aimed at an important segment of the emerging EV market – commercial delivery vehicles. For established players, this is a hugely profitable business segment driven by cost of ownership, not fancy tech or star power.