Apple's Phil Schiller Warns Of Privacy Threats From New EU App Stores: 'There's No Getting Around That'
Portfolio Pulse from Rounak Jain
Phil Schiller of Apple Inc. has expressed concerns about the EU's 'Alternative App Store' proposal under the Digital Markets Act, stating it could compromise iPhone users' security and privacy. Despite efforts to mitigate risks, including a notarization process for apps, limitations in user protections and feature access remain. The proposal has also faced criticism from Meta Platforms Inc.'s CEO, Mark Zuckerberg.
February 05, 2024 | 11:46 am
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Apple Inc. is concerned about the EU's Digital Markets Act affecting iPhone security and privacy, despite implementing a notarization process for apps.
The news highlights Apple's concerns about the potential security and privacy risks posed by the EU's proposal, which could negatively impact user trust and, consequently, Apple's brand and product appeal in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Meta Platforms Inc.'s CEO, Mark Zuckerberg, has criticized Apple's proposal for alternative app stores in the EU, indicating potential operational and financial implications for Meta.
Zuckerberg's criticism of Apple's proposal suggests concerns about the operational and financial impact on Meta, potentially affecting its strategy and costs in the EU market.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 70