Morning Beat: Apple Inc. (AAPL), and Tesla Motors Inc (TSLA)

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Apple Inc. (NASDAQ:AAPL) has deleted over 250 apps from its app store after it emerged they were accessing and storing users private information. Some of the information accessed and stored included Apple ID and device serial numbers. The apps in question had used a software development kit provided by Youmi, a mobile advertising agency.

Most of the apps in question are Chinese and believed to have been downloaded by about a million users. Apple Inc. (NASDAQ:AAPL) has yet to name the apps even though they violated its security and privacy guidelines. It has however confirmed that it is working with affected developers to get updated versions of their apps back into App Store.

Apple Inc. (NASDAQ:AAPL) CEO Tim Cook has confirmed the availability of Apple TV for shipping starting Monday, October 26. The executive says the hardware will take television watching to another level with the availability of functions like Siri support with deep search functionality.

Cook expects Apple TV to have a disruption effect in the industry as streaming platforms able to deliver premium programming and content become the norm. The executive also expects the app environment on the hardware to be robust. Apple TV will cost $149 for a 32GB model with the 64GB version going for $199.

Apple Inc. (NASDAQ:AAPL) CEO, Tim Cook, believes the auto industry is on the brink of a technology upheaval as software becomes an important part of any car. Speaking at the WSJD Live event the executive did not respond to questions as to whether the iPhone maker was considering making its own cars

The Apple chief, however, maintains that a series of technology shifts in the auto industry are creating a rare opportunity for outsiders to tap into. In spite of the rumors making waves online Cook reiterates that Apple Inc. (NASDAQ:AAPL)’s main focus at the moment is winning over car owners with its CarPlay system.

Tesla Motors Inc (NASDAQ:TSLA) latest software update that begun rolling out on October 14 gives a glimpse of what autonomous cars could be all about in future. The only undoing at the moment is the fact that one cannot go all hands-free for long. However, the new features make long distance driving much more interesting and easier.

Tesla Motors Inc (NASDAQ:TSLA)’s 7.0 update features Autopark, Autosteer, and Auto Lane. Coming with a multitude of cameras, radar and ultrasonic sensors Model S drivers should be able to preset speeds as well as the distance they wish to keep from the vehicle ahead. The Auto Lane feature allows drivers to take a back seat as the car switches lanes when all conditions.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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