Apple hit a new all-time high on June 30 of $192 per share, enough of a boost for the company to once again breach a $3 trillion market cap, but the company should get some company in the exclusive club by early next year, Wedbush Securities analyst Daniel Ives believes. Ian Krietzberg for TheStreet: Apple seems like the clear leader among its tech giant peers, Wedbush’s Dan Ives thinks there will soon be a second company around to breathe that rarified $3 trillion air: Microsoft. “We estimate for every $100 of cloud Azure spend with there is an incremental $35-$40 of AI spend that now is on the table which changes the game,” Ives tweeted. “We believe on a sum-of-the-parts…

Apple supplier Taiwan Semiconductor Manufacturing Company today confirmed to TechCrunch that it recently suffered a data breach. TSMC is responsible for creating all of the A-series and M-series chips used in Apple devices. A TSMC spokesperson said that a "cybersecurity incident" caused data "pertinent to server initial setup and configuration" to leak, but TSMC customer information was not impacted."Upon review, this incident has not affected TSMC's business operations, nor did it compromise any TSMC's customer information. After the incident, TSMC has immediately terminated its data exchange with this concerned supplier in accordance with the Company's security protocols and standard operating procedures."Data from TSMC was listed on the LockBit ransomware gang's website on Thursday, with LockBit demanding $70 million to prevent…

Ransomware gang LockBit claims it has breached Apple chip supplier TSMC — but TSMC says no, the group only got into a minor supplier's systems and nothing of the processor firm's was taken.LockBit has recently been targeting Apple Silicon in its ransomware attacks. Now it claims to have successfully gone after TSMC, the manufacturer that makes Apple Silicon processors.According to TechCrunch, TSMC confirmed the data breach after the LockBit group publicized that its hack. The ransom demanded to prevent the stolen data being published is $70 million — but TSMC says the Russian-linked gang did not succeed in getting any of its data. Read more...

Apple’s chipmaker partner TSMC has confirmed that it was impacted by a data breach on one of its third-party suppliers. As reported by TechCrunch, the ransomware group LockBit claimed responsibility for the breach and is demanding a ransom payment of $70 million not to leak the stolen data. more… The post Apple supplier TSMC hit by data breach, ransomware group demanding $70 million payment appeared first on 9to5Mac.

It’s been a tough week at Plex where the company has decided to let go of 20% of its workforce. Plex CEO Keith Valory blamed an unpredictable advertising market for the need to downsize. more… The post Plex hit with layoffs as ad-supported streaming service fails to deliver profits for media server company appeared first on 9to5Mac.

Apple will argue against a revised EU antitrust charge and a possible fine on Friday. The charge alleges that Apple prevents music streaming companies like Spotify from telling users about other ways to buy subscriptions outside of Apple’s App Store. The company will present its case to senior European Commission officials and their counterparts at national competition agencies at a closed hearing in Brussels. Foo Yun Chee for Reuters: EU antitrust enforcers earlier this year boosted their case against the company’s so-called anti-steering obligations, but dropped an earlier charge against Apple’s requirement that developers use its in-app payment system. The Commission said the anti-steering obligations breach EU rules against unfair trading conditions, a relatively novel legal argument in an antitrust…