3 Tech Titans Making Noise: Apple’s iMessage Issue, Google Makes a Splash, Amazon Gets Upgraded
Apple Inc. (NASDAQ:AAPL): “iMessage is not architected to allow Apple to read messages,” said Apple spokeswoman Trudy Muller in a statement to AllThingsD in response to a report presented by QuarksLab that alleges “Apple can read your iMessages if they choose to, or if they are required to do so by a government order.” Despite the report being well-received by the security community, Apple disagrees, naturally. “The research discussed theoretical vulnerabilities that would require Apple to re-engineer the iMessage system to exploit it, and Apple has no plans or intentions to do so,” Muller said.
Google Inc. (NASDAQ:GOOG): An earnings beat ($10.74, beating by 37 cents) and a revenue beat ($14.89 billion, beating by $0.05 billion) have led to a 12 percent-plus run in Google stock, breaching the $1,000 market (at least temporarily.) Cost per clicks actually dropped 4 percent quarter-over-quarter and 8 percent year-over-year, following a drop of 2 percent and 6 percent last quarter. However, Google’s paid clicks rose 8 percent over last quarter and 26 percent year-over-year, up from 23 percent year-over-year in the second quarter and 20 percent in the first.
Amazon.com Inc. (NASDAQ:AMZN): UBS has upgraded Amazon to Buy from Neutral based on expectations for accelerated fourth-quarter revenue and paid unit growth driven by the strong secular backdrop of substantial seasonal hiring trends, game and console sales, and easier paid unit comparables. Additionally, the firm’s outlook remains positive on the globalization of the Kindle ecosystem and its unappreciated advertising business; the analyst raised the price target on Amazon shares to $385 from $305.