Friday, December 2, 2011

Friday Apple Rumors: Apple Will Drop Carrier IQ Snooping Software

Here is your daily Apple stock news and rumors for Friday. Apple Admits to
Using Carrier IQ User Info Gathering Tech in iPhone: Earlier this year Apple
(NASDAQ: AAPL ) came under fire for logging information about its iPhone users,
including GPS-based location and personal information. Apple claimed at the time
that this data was recorded accidentally. It turns out that up until just
recently, Apple was using technology that recorded users personal information
intentionally. According to a Wednesday report at Tech Crunch , developer Trevor
Eckhart discovered that Google (NASDAQ: GOOG ) Android phones used on Sprint s
(NYSE: S ) network were using Carrier IQ, a type of data-collecting software
used mostly by telecoms for tracking just the sort of user information Apple was
blasted for collecting. On Thursday though, Apple released a statement to All
Things Digital that it too used Carrier IQ in its iPhone operating system iOS .
Apple said that though it used Carrier IQ, it never used the software to record
users personal information like text messages or keystrokes, but just for
diagnosing potential technical problems with phones. Apple also said that it has
stopped supporting Carrier IQ with the most recent version of iOS and that the
technology will be removed from iPhones completely in an upcoming update. Nokia
Loses More Than Half Its Home Country Mobile Support in 2011: Giga OM reported
on Friday that though Nokia (NYSE: NOK ) has received some decent press in
recent weeks, thanks to its new Microsoft (NASDAQ: MSFT ) phones, times are
grimmer than theyve ever been for the Finnish phone maker. Its actually Finland
that shows just how rough things have gotten for Nokia. New data from research
firm IDC shows that Nokias share of the mobile market in its home country of
Finland was just 31% in the third quarter of 2011 . Thats down from 76% during
the same period in 2010. Where has the companys market share gone? To Samsung
and Apple. RIM Takes $485 Million Charge on Unsold PlayBooks: Research In Motion
(NASDAQ: RIMM ) didnt make much of a dent against Apples iPad business when it
released its BlackBerry PlayBook tablet earlier this year. Whereas Apple sold 11
million tablets during the third quarter, RIM has sold just 900,000 PlayBooks in
the three quarters since it released. Those low sales have led to a massive
stock of unsold PlayBooks among retailers. That inventory is now, according to a
Friday report at Apple Insider , costing RIM $485 million . At the same time
that the company revealed its inventory charge woes to investors, it also
lowered guidance for its fiscal 2012 earnings. RIM no longer believes that it
will deliver EPS between $5.25 and $6. As of this writing, Anthony John Agnello
did not own a position in any of the stocks named here. Follow him on Twitter
at

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