TECH - Tim Cook Claims Apple Has 'Majored In Security' But It Will 'Fall Short' On Maximizing It Due To EU's App Store Regulations | Benzinga
Apple Inc. (NASDAQ:AAPL) CEO Tim Cook underscored that its Alternative App Store proposal in response to the European Union's Digital Markets Act (DMA) would compromise the iPhone maker's privacy, security, and usability.
What Happened: Apple’s CEO, Tim Cook, confirmed on Friday that the company had made significant revisions to its European App Store operations, in a post-earnings conference call.
These changes, set to take effect in March, include the introduction of alternative billing opportunities and marketplaces, as well as the expansion of NFC capabilities for banking and wallet apps.
"If you think about what we’ve done over the years is, we’ve really majored on privacy, security, and usability. And we’ve tried our best to get as close to the past in terms of the things that are," Cook said.
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