Apple Slams New UK Surveillance-Bill Proposals; Apple Threatens To Remove Services Such As Facetime, IMessage From UK If New Law Passed
Portfolio Pulse from Happy Mohamed
Apple has criticized the new surveillance bill proposals in the UK and threatened to remove services such as Facetime and iMessage if the law is passed.
July 20, 2023 | 1:45 pm
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NEGATIVE IMPACT
Apple's opposition to the UK surveillance bill and threat to remove services could potentially impact its user base and revenues in the UK.
If Apple removes services like Facetime and iMessage, it could lead to a decrease in its user base in the UK. This could potentially impact its revenues and the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
The UK's new surveillance bill could potentially impact companies like Apple, which could in turn affect the UK's economy and the ETF EWU.
If companies like Apple decide to remove services due to the new surveillance bill, it could impact the UK's economy. This could potentially affect the performance of the ETF EWU, which tracks the UK's economy.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50