Justin Sullivan/Getty
- Apple has been largely insulated from privacy concerns because of its focus on monetizing hardware, not software which is dependent on ads, UBS Analyst Steven Milunovich explains.
- He believes this gives the company a “competitive advantage” compared to other tech giants like Facebook and Google who have faced lots of criticism over how it protects users’ data.
- You can view Apple’s stock price here.
With all the hullabaloo surrounding Facebook‘s data breach scandal and Google‘s “right to be forgotten” directives, Apple can stand above the fray as the company that is in the best position to protect users’ data.
Apple’s business model focuses primarily on making money through its hardware, instead of on internet and software, which creates a heavy reliance on advertising for revenue. That makes it largely insulate the company from the European Union’s strict privacy protection laws. See the rest of the story at Business Insider
NOW WATCH: The surprising reason why NASA hasn’t sent humans to Mars yet
See Also:
- JPMorgan says it’s found the perfect trade for worried Facebook investors
- 9 famous predictions by Nostradamus that some people say foresaw the future
- Facebook’s woes are playing right into the hands of one investor group
SEE ALSO: The impact from Facebook’s privacy scandal looks more like the Equifax breach than the BP oil spill
