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Apple Shows Its Might against Google and Facebook

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Apple

Today, tech giant Apple (AAPL) was trading on a bullish note for a third consecutive day. Since Tuesday, when the company released its fiscal 2019 first-quarter results, its stock has risen 7.6%. In the first quarter, the company’s adjusted EPS rose 7.5% year-over-year to $4.18, slightly higher than analysts’ estimate of $4.17. Robust growth in the company’s services segment helped regain investors’ confidence.

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Apple versus Google and Facebook

Apple believes that “privacy is a fundamental human right,” and places great emphasis on its users’ privacy. Earlier this week, TechCrunch reported that Facebook (FB) “has been secretly paying people to install a ‘Facebook Research’ VPN[1.virtual private network] that lets the company suck in all of a user’s phone and web activity.” The report also suggested that Facebook’s research app “may be a violation of Apple policy.” Soon after TechCruch’s report, Apple blocked Facebook’s controversial app and revoked its Enterprise Certificate, which it later restored.

Yesterday, Apple also revoked Google’s (GOOG) Enterprise Certificate after another TechCrunch investigation alleged misuse. While Apple has restored both certificates, the revocation may have caught Google’s and Facebook’s attention.

In January, AAPL, GOOG, and FB rose 5.5%, 7.7%, and 27.2%, respectively, while fellow tech giants Microsoft (MSFT), NVIDIA (NVDA), Amazon (AMZN), Netflix (NFLX), Tencent Holdings (TCEHY), Oracle (ORCL), Intel (INTC), Advanced Micro Devices (AMD), and Micron (MU) rose 2.8%, 7.7%, 14.4%, 26.8%, 13.0%, 11.3%, 0.4%, 32.2%, and 20.5%, respectively. Electric carmaker Tesla (TSLA) fell 7.7%.

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