US DOJ Indicts Fujian Jinhua
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| US DOJ Indicts Fujian Jinhua | |
| Number | 665 |
| Broadcast Date | NOVEMBER 2, 2018 |
| Episode Length | 5:36 |
| Hosts | Rich Stroffolino |
US DOJ indicts Fujian Jinhua over Micron trade secrets, Apple makes more money from the same amount of iPhones sold, and Elon Musk details updates to Summon.
Headlines
- The US Justice Department brought an indictment against the Taiwan-based United Microelectronics Corp and China state-owned Fujian Jinhua Integrated Circuit Co Ltd, as well as three individuals, alledging a conspiracy to steal DRAM trade secrets from Micron Technology. The indictment states that a former Micron employee recruited other former employees while at United Mircoelectronics, and set up Fujian Jinhua in 2016 specifically to develop DRAM based on stolen trade secrets. The Justice department also filed a civil lawsuit to prevent the two companies from exporting any products using the trade secrets.
- Google will require users to enable javascript when logging in. Google uses javascript to run a risk assessment and says 0.1% of its users run with javascript turned off. This will disproportionately impact bots which run through headless browsers with javascript turned off for performance reasons. Google will also use data from Play Protect to list harmful apps in the Security Checkup section and prompt them to uninstall them. Google will also notify you whenever you share any data from your Google Account not just Gmail or Contacts. And Google will begin walking people through securing their account if potentially unauthorized activity is detected.
- Apple announced it earned $2.91 per share in Q4 with revenue of $62.9 billion. Analysts had expected earnings per share of $2.78 and revenue of $61.57. The company sold 46.89 million iPhones in the quarter with flat growth on the year, missing analyst forecasts of 47.5 million. Average sale price increase 28% on the year to $793, beating the analyst expectation of $750.78. Services revenue increase 27% on the year to $9.98 billion. Other Product revenue, which includes Apple Watch, AirPod, and HomePod, increased 31% on the year to $4.23 billion. Apple CFO Luca Maestri announced on the earnings call that going forward, Apple will report sales revenue of Macs, iPhones, and iPads into a single revenue figure.
- Alibaba announced it earned 9.60 yuan per share, the equivalent to $1.37 in USD, in Q2 with revenue of 85.15 billion yuan. Analysts had expected earnings per share of 7.41 yuan and revenue of 86.51 billion yuan. Despite missing analyst expectations, overall revenue grew 54.5% on the year. Core e-commerce revenue grew 56% on the year to 72.48 billion yuan, while Alibaba Cloud posted revenue of 5.67 billion yuan, a 90.5% increase on the year.
- Freedom House issued its annual internet freedom report. 17 of 65 countries in the report adopted laws restricting online media. Of those, 13 prosecuted citizens for spreading false information. The US saw a one point decline in its freedom ranking attributed mostly to the repeal of Open Internet Guidelines and renewal of surveillance authorization. 18 countries increased state surveillance. 32 countries employed commentators, bots, and trolls. Armenia saw social media help its peaceful revolution earlier this year and Ethiopia's new prime minister released bloggers from prison and pledged to ease restrictions on online communications.
- In a series of tweets, Tesla CEO Elon Musk claimed that an advanced version of auto-park Summon feature will be ready within 6 weeks. The feature will allow owners of Tesla's less than two years old to follow them if the Summon button in the Tesla app is held down, as well as allow owners to drive the car remotely with a phone when in line of sight. Musk also claimed that a Summon update in 2019 will allow Tesla vehicles to drive around a parking lot for spots, and determine if it's legal to park at an opening.
- A new IDC report shows that 355.2 million smartphone units shipped in Q3, down 6% on the year, and the fourth consecutive quarter of year on year decline. Samsung remained the largest smartphone company with 20.3% of the market, but overall shipments declined 13.4% to 72.2 million units. Huawei and Xiaomi continued to grow shipments on the year despite a contracting Chinese smartphone market, claiming the number 2 and 4 spots respectively. Apple maintained the number 3 spot with effectively no growth.
- Flickr announced it will no longer require users to sign in with their Yahoo account credentials as of January 2019, but that those with free accounts will no longer have 1 terabyte of storage, instead being limited to 1,000 photos. Pro users who pay $50 a year will now get unlimited storage. Flickr became part of Verizon’s family in 2017 when Verizon bought Yahoo, which owned Flickr. SmugMug bought Flickr from Verizon's Yahoo+AOL brand Oath back in April.
Links
| Preceded by: "Apple To Possibly Invest In iHeartMedia" |
US DOJ Indicts Fujian Jinhua |
Followed by: "Verizon Renames Oath" |