Apple warns its employees on leaking information

Putnam Managed Mun Incom Tr (PMM) Valuation Declined While Robinson Capital Management Has Upped Holding

In what is seemingly becoming a trend among tech companies, Bloomberg has published an internal memo sent to Apple employees, suggesting consequences like jail time for those who leak sensitive company information to journalists.

Putting Apple in a rather harsh light, a freshly leaked memo shows the draconian measures it takes to stop employees and business partners from leaking sensitive information. Hundreds of software engineers were in attendance. One person betrayed their trust.

The group consists of five Republicans and five Democrats, who expressed concerns about a recent report from the Office of the Inspector General which found the Federal Bureau of Investigation didn't exhaust all options before making demands from Apple, Reuters said. The memo said the leakers were Apple employees as well as contractors and supply chain partners. Apple warns that it "may seem flattering" to be approached for information, but that in end, "you're getting played". A scoop about an unreleased Apple product can generate massive traffic for a publication and financially benefit the blogger or reporter who broke it. The company declined to comment on Friday. It adds that in these situations, Apple staffers have "everything to lose" if they give in.

According to a report by Bloomberg, the memo was in reference to the 9to5Mac as well as the iOS 11 GM leaks which were seen previous year and revealed the iPhone X name along with its features, Animoji, followed by the cellular Apple Watch Series 3 leak which happened ahead of Apple's event. Last year, another employee was sacked for leaking details about the iPhone X, iPad Pro, and AirPods to 9to5Mac.

US Silica Holdings Inc (SLCA): Stock to Keep Your Eyes on
Silica Holdings, Inc. (NYSE: SLCA ) stock volatility was recorded 4.88% which for the previous full month was noted 4.72%. Meanwhile, shares of Chinese e-commerce giants Alibaba and JD.com added 0.32 percent and 0.35 percent, respectively.

With the iPhone X not selling as well as expected, analysts say Apple might "counter intuitively" raise the price when it launches the new version of the flagship phone later this year. Apple listed some of the actual information that was leaked. In the memo, Apple credits its own "investments" and digital forensics for helping it catch leakers. Global Security has worked hand-in-hand with suppliers to prevent theft of Apple's intellectual property as well as to identify individuals who try to exceed their access.

Apple didn't specify who was arrested or what they were charged with.

Leakers do not simply lose their jobs at Apple. Leaks can also impact sales of current devices, as consumers hold off on buying as they know something better is soon to arrive.

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