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Posts by NormM

Considering that Apple has bought back and retired something like 10% of their stock in the past year, the remaining shares should be worth 10% more. So I don't think Apple will actually exceed its basis-adjusted past high until it reaches about $111 a share.
As the biggest tech company, Apple should be supporting basic research.  When they were small, it made sense for them to do only very focused  applied research, and depend on the rest of society for basic research that benefits everyone.  Now they are so big that they should be a major force pushing many avenues of science forward that don't just benefit them.  For example, they should support basic research on chemical sensors at universities so that someday the Apple...
 Step 15 of the teardown shows it does have an NFC module.  I'm guessing for use by small retailers for POS.
 Have you activated iMessages on your Mac?
The credit card information entered on you phone for Apple Pay never leaves your phone, so any hack would have to be done one phone at a time, and would require getting past the built in hardware security.  That would probably involve sawing off the top of the A8 chip and performing "brain surgery" to get encryption keys out of the secure enclave without destroying the data first.
I'm very surprised by this also.  I thought for sure they'd include the NFC chip in the iPads, so that both new iPads and new iPhones would have the hardware needed on the merchant side, for small businesses.  This has to be a very deliberate omission.  I'm actually waiting for an iPad Air 2 teardown to confirm that the NFC chip isn't actually hiding inside, unheralded, waiting for some new Apple API's to be released.
I tried adding my Amazon Visa in the Passbook App and was told that my bank doesn't yet support Apple Pay.  Since the Amazon Visa cards are issued by Chase, which is on the list of supported banks, I was surprised.  I wonder if Amazon is resisting the use of Apple Pay?
There is a new industrial revolution going on, which will eventually move most of the jobs out of manufacturing, just as the previous one moved 70% of the population out of agriculture.  We need to figure out how to still have a middle class when most people's work is less essential.  This isn't a problem caused by Apple, and won't be solved by dumping on them.  I really don't want the solution to be that the government hires everybody to be in the military, because that's...
If they have physical possession of your device, they should be able to crack it with enough effort.  For instance, they could break open the A8 chip and, with the right equipment, directly look inside the secure enclave to see the encryption key that's physically stored there.  This would require a lot of work and sophistication, but shouldn't be impossible.
Icahn's letter seems like helpful PR to me.  Just trying to herd the speculators a bit.
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