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Apple’s Cook Raises Concern Over EU’s Tech Rules Which Is Believed To Place Security Of iPhones At Risk

By John F. Heerdink, Jr.

Apple’s (AAPL) CEO Tim Cook raised how proposed European rules aimed at curbing the power of U.S. tech giants, could pose security and privacy risks to iPhones. Cook, in his first public comments about the Digital Markets Act (DMA) proposed by EU antitrust chief Margrethe Vestager, raised concerns over some decisions.  He expressed he feared the draft rules would lead to more installing of apps that do not come via Apple’s App Store, or via “side-loading”.

“You take an example here where I don’t think it’s in the best interest (of the user): the current DMA language that is being discussed would force side-loading on the iPhone,” the Apple CEO, speaking remotely, said at VivaTech, France´s biggest tech conference.

Dow 30 component Apple (AAPL) has revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it. To learn more about Apple (AAPL) and track its ongoing progress at Vista Partners Apple (AAPL), Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: UPDATE 1-Apple's Cook says proposed EU tech rules threaten security of iPhones in Reuters)


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