$AAPL (10:07 AM EST January 21): $318.35 (-0.12%) // More info
I was pretty mad the first time I read today’s story about Apple scrapping encrypted iCloud backups (see #1), but I’m already over it. It does suck that iPhone users without Macs are forced to choose between backups and security, but most of the key iCloud services are synced separately and not included in backups, anyway. Security-conscious users with Macs can do encrypted local backups just fine. I’ve posted a Twitter thread today about why I don’t think this story is as big a deal as it might seem. I’m hesitant to say it’s a worthwhile trade-off to get law enforcement off Apple’s back, but I’m still okay with the security features we do have.