Two US lawmakers urge White House to end UK data treaty after Apple backdoor order
1. U.S. lawmakers urged Trump to end data agreement with the U.K. regarding Apple. 2. Reports suggest U.K. ordered Apple to create a backdoor for user data access.
FAQ
Why Bearish?
Concerns over data privacy and security can negatively impact AAPL's market perception. Historical instances show similar matters, like the FBI-Apple encryption case, have led to market volatility.
How important is it?
The scrutiny surrounding data privacy can sway investor sentiment negatively, impacting AAPL's price.
Why Short Term?
Immediate market reactions to regulatory scrutiny could affect AAPL's stock temporarily, as investors may be wary of potential repercussions.