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Inside Apple

Inside Apple (Jul 21st, 2017)

$AAPL (2 p.m. EST): $150.05 (↓ .29%) // 90-day high: $156.10 // 90-day low:$142.27 // More info

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Apple has released a software update to iOS and macOS that patches a security vulnerability. Without the update, hackers are able to “execute arbitrary code” and gain the ability to take over a device's processor, the central computer that runs everything else. All a hacker has to do is get within range of your WiFi device, according to Nitay Artenstein, the security researcher at Exodus Intelligence, who discovered the problem and reported it. – WP

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Apple spent $2.2 million between April 1 and June 30, 2017 to lobby President Donald Trump and the rest of Washington, D.C. Most of the money was spent on lobbying on issues such as tax and surveillance reforms. The amount was double the amount Apple spent in the same three-month period in 2016. – RECODE

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Apple announced today that Deirdre O’Brien, vice president of Worldwide Sales and Operations, has been named vice president of People, a new role in its HR department. She's a nearly 30-year Apple veteran and will lead all HR functions including talent development, recruiting, benefits, compensation and business support, as well as overseeing Apple University.  – MACRUMORS

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Apple has appointed the head of its wireless technologies unit to the new role of vice president and managing director of its Greater China division. Isabel Ge Mahe will become the vice president and managing director of Greater China. The move comes as Apple is struggling with stricter regulations in China and mediocre iPhone sales there. Greater China revenues fell 14 percent In the second quarter of 2017, when iPhone sales were up 1 percent. – CNBC

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Apple has lost dozens of high-ranking staffers in 2017. Tanya Ridd, head of Apple's corporate PR in Europe, recently left the company to join Snap. She follows a series of Apple employees who have left for Tesla, including Bas Ording, Apple UI designer; Chris Lattner, head developer of X-Code; Matt Casebolt, director of product design; Sarah O'Brien, communications head; and Colin Smith, Mac communications director. Mark Di-Toro, careers expert at Glassdoor doesn't believe the executive exodus hurts the company. "When senior people leave, there's always that natural churn of employees — that happens everywhere," Di-Toro said. "High profile departures always raise eyebrows, but the reality is they're one of the best places to work in the world." – WIRED

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In our weekly ARKiT spotlight, we take a look at virtual reality company normalvr.com's creation. Blobbing in the studio today w/ the Vive + ARKit," the company said in a tweet. "Definitely some huge mixed reality potential here." Check out the demo here:

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