11 Movies Shot on Smart Phones, from ‘Tangerine’ to ‘High Flying Bird’ (Photos)

Read on: TheWrapTheWrap.

Steven Soderbergh wasn’t the first filmmaker to shoot an entire movie on an iPhone, but with his latest film “High Flying Bird” he’s proved yet again that it’s totally possible to have a professional, beautiful looking mov…

Apple Targets Springtime Launch Of Streaming Video Service: Reports

Read on: Deadline.

Apple, which has taken its time developing a strategy for entering the crowded streaming video field, is targeting springtime for the launch of a new streaming clearinghouse, according to multiple reports.
Reuters and CNBC today have reported that the …

Apple Apologizes for FaceTime Bug, Says a Fix Will Be Available Next Week

Read on: TheWrapTheWrap.

It was Apple’s turn to apologize for a privacy issue on Friday, with the company saying sorry for a FaceTime bug that allowed callers to listen to other people’s phones.

The bug impacted Group FaceTime for anyone who had updated their phone since late October. The glitch occurred when FaceTime users swiped up on their screen as they were dialing, and added their own number to the call. The makeshift three-way call allowed the caller to listen to the other person’s iPhone and if the recipient hit the volume or power button to ignore the call, it instead started broadcasting video from their phone to the person calling them.

Apple was forced to disable Group FaceTime after the issue went public earlier this week.

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“We have fixed the Group FaceTime security bug on Apple’s servers and we will issue a software update to re-enable the feature for users next week,” Apple said in a statement shared with USA Today on Friday.

The company also acknowledged Arizona lawyer Michele Thompson in its statement, thanking her after her 14-year-old son spotted the bug while playing “Fortnite” with his friends. Thompson attempted to contact Apple to bring the bug to the company’s attention multiple times, including filing an official bug report and faxing a letter.

“We thank the Thompson family for reporting the bug,” Apple said. “We sincerely apologize to our customers who were affected and all who were concerned about this security issue. We appreciate everyone’s patience as we complete this process.”

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The FaceTime flaw came after Apple spent much of the last year championing itself as the tech giant that truly cares about user privacy. Apple chief Tim Cook even chided Facebook CEO Mark Zuckerberg last year over its massive data leak, saying he “wouldn’t be in this position” if he were Zuckerberg.

Still, the bug had no impact on the company’s stock. Apple shares increased 8 percent this week, after the company reported record quarterly Services revenue, helping offset a 15 percent decline in iPhone sales.

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Apple Q1 Results Edge Wall Street Estimates, Boosting Shares After Hours

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Apple’s results in the fiscal first quarter edged Wall Street’s estimates, sending shares climbing in after-hours trading.
The tech giant reported earnings per share of $4.18 in the October-to-December period, a penny better than the consen…

FaceTime Bug Lets iPhone Users Listen to Other People’s Phones

Read on: TheWrapTheWrap.

A major FaceTime bug is allowing iPhone users to listen to other people’s phones — and in some cases, see them through their screens — even if the recipient doesn’t answer their phone.

The glitch, first spotted by 9to5Mac on Monday afternoon, was pretty easy to check out: first, you make a FaceTime video call to someone in your iPhone contacts. Then, while it’s dialing, swipe up on your screen and hit “Add Person.” You can then add your own phone number, which will allow you listen to the audio on the initial contact’s phone, whether they’ve answered or not.

Compounding matters, if the first contact bumped the volume or power button to ignore the call, it’d instead broadcast video of their phone to the person calling them.

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Apple didn’t immediately respond to TheWrap’s request for comment, but told The New York Times on Monday night that it had “identified a fix that will be released in a software update later this week.” Apple also disabled the Group FaceTime feature impacted by the bug. The issue hit any users on iOS 12.1 or later.

The embarrassing bug comes after Apple chief Tim Cook has, on several occasions in the last year, lectured on the importance of user privacy and data protection. The issue also comes right before Apple is set to report its quarterly earnings on Tuesday afternoon. Investors didn’t seem to care about the bug on Tuesday morning, though, with Apple shares trading up a fraction of a percent to $156.41 in early-morning trading.

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Apple Privacy Features Touted On Consumer Electronics Show Adjacent Billboard

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Apple is using an old-fashioned way to capture hearts and minds – it’s put up a large billboard near the Consumer Electronics Show convention center to emphasize its privacy features.

Tech giant Apple isn’t attending the show, but…

Apple Stock Plunges 10% As Wall Street Digests Unappetizing iPhone Sales Forecast

Read on: Deadline.

Apple stock plunged to its lowest point in almost two years today, falling as much as 10% after the company warned it would fall short of its own holiday sales forecasts.
CEO Tim Cook sought to place the blame for worse-than-expected sales on China&#82…

Microsoft Bumps Apple as Most Valuable Company in the World

Read on: TheWrapTheWrap.

Microsoft, for the first time in nearly a decade, is worth more than Apple, closing Friday’s trading session with a market cap of $851 billion and pushing the Seattle-based tech giant past its longtime rival as the world’s most valuable public company in the process.

The two companies had been trading blows throughout the week, so to speak, with Microsoft leaping Apple multiple times during intraday trading. Friday marked the first time since 2010 Microsoft closed the day as the more valuable company. Plenty has changed in those eight years. At the time, Microsoft was still selling Zune, its wannabe-iPod MP3 player, the iPhone 4 hadn’t been released yet and Steve Jobs was still the head honcho at Apple.

Microsoft closed Friday up 0.6 percent to nearly $111 per share, putting it within striking distance of passing its 52-week high. Apple, on the other hand, closed at $178.58 per share, giving the company a market cap of $847.5 billion. Apple shares have dropped about 20 percent in the last month, after the company reported underwhelming Q4 iPhone sales.

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Microsoft’s fortunes have drastically changed since CEO Satya Nadella took over four years ago. The company’s stock price has tripled, as Microsoft scrapped various smartphone bets and focused on software and its cloud storage business. Microsoft, with 13 percent of the market, is now second to Amazon when it comes to cloud services. Microsoft also won a $480 million contract from the Army earlier this week to create augmented reality training tools.

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President Trump Hints At Imposing Tariffs On Apple iPhones, Giving Investors Another ‘White Knuckle’ Moment

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President Donald Trump today said he is considering imposing tariffs on Apple iPhones and laptop computers imported from China, a remark that drove the company’s stock lower in after hours trading.
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‘Infuriated’ Mark Zuckerberg Told Facebook Staff to Use Android After Apple CEO’s Diss (Report)

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Don’t expect Mark Zuckerberg to buy his friends and family new iPhones this holiday season.
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Apple Misses Q4 iPhone Sales Estimates, Stock Drops 3 Percent

Read on: TheWrapTheWrap.

Apple’s stock took a hit on Thursday afternoon after the world’s richest tech company announced underwhelming iPhone sales when it reported its fourth-quarter earnings.

Apple reported earnings of $2.91 per share and revenue of $62.9 billion — surpassing analyst estimates of $61.57 billion in sales and earnings of $2.78 per share.

But iPhone sales came in slightly below expectations, with the company selling 46.9 million units of its trademark device. Wall Street projected Apple would sell 47.5 million during the quarter. Apple did make more money, though, off its iPhone sales, with iPhone revenue increasing 29 percent to $37.2 billion behind a higher average selling price. The iPhone average selling price was $793 for the quarter — coming in 28 percent higher than the same time last year. The company unveiled three new iPhone models last month, including the iPhone XS Max, which costs $1,099 for its base model.

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Apple shares dropped about 3.5 percent in after-hours trading to $214.20 per share.

“We’re thrilled to report another record-breaking quarter that caps a tremendous fiscal 2018, the year in which we shipped our 2 billionth iOS device, celebrated the 10th anniversary of the App Store and achieved the strongest revenue and earnings in Apple’s history,” Apple chief Tim Cook said in a statement accompanying earnings.

Wall Street may also be reacting to the company slightly missing estimates on Services revenue. The sector, which includes App Store sales and Apple Music subscribers, pulled in $9.98 billion in sales, a 17 percent year-over-year increase. Apple’s guidance for next quarter didn’t seem to wow investors, either, even though its revenue forecast of $89 billion to $93 billion fit within analyst estimates.

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Apple’s massive cash hoard decreased $6 billion during the quarter, hitting $237.1 billion, as the company continues to invest in content. The company also pledged to spend billions of dollars on adding more U.S. jobs earlier this year.

The company will hold its earnings call at 5:00 p.m. ET.

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Verizon Beats Q3 Earnings Estimates Despite Oath’s Limp Performance

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Verizon, buoyed by strong wireless subscriber growth, topped Wall Street estimates for its third quarter earnings on Tuesday, despite the underwhelming performance of its media division.
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Apple Chief Tim Cook Calls on Bloomberg to Retract Chinese Spy Chip Story

Read on: TheWrapTheWrap.

Apple CEO Tim Cook is calling for Bloomberg to retract its recent report that the company was hacked by Chinese spies that put malicious chips on the tech giant’s servers.

“There is no truth in their story about Apple,” Cook told BuzzFeed News on Friday. “They need to do that right thing and retract it.”

The Bloomberg report, which came out earlier this month, said that Chinese spies placed the malicious microchips on servers manufactured in China and shipped to Silicon Valley. The microchips created a “stealth doorway,” Bloomberg said, allowing the spies to compromise the security network of any companies running on the servers. Apple, the world’s richest company and a stalwart of Silicon Valley, was among 30 companies hit by the breach, according to Bloomberg.

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“We stand by our story and are confident in our reporting and sources,” a Bloomberg representative told TheWrap.

“Bloomberg Businessweek’s investigation is the result of more than a year of reporting, during which we conducted more than 100 interviews,” the rep added. “Seventeen individual sources, including government officials and insiders at the companies, confirmed the manipulation of hardware and other elements of the attacks. We also published three companies’ full statements, as well as a statement from China’s Ministry of Foreign Affairs.”

Cook told BuzzFeed News he was irked by Bloomberg’s lack of evidence to back its reporting. That claim was echoed by U.S. Director of National Intelligence Dan Coats earlier this month, telling Cyberscoop there was “no evidence” Apple or other companies had been compromised by spy chips.

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“We turned the company upside down,” Cook added. “Email searches, data center records, financial records, shipment records. We really forensically whipped through the company to dig very deep and each time we came back to the same conclusion: This did not happen. There’s no truth to this.”

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