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Apple ( AAPL ) is now off the hook for helping the FBI hack into the San Bernardino terrorist’s iPhone, after the feds dropped their case late Monday. But a lot of questions remain unanswered. We don’t officially know the third party used to hack the phone, or its method. We also don’t know what information it was able to recover. One thing’s for sure: The hotly debated Apple-FBI battle has raised questions about smartphone encryption and privacy. As far as how Apple’s stock has reacted to all of this, the share price has risen about 13% since news of the case broke on Feb. 16 — but it had the help of a rally from the major indexes. Shares have been more or less in a standstill since March 16, even with new products from the consumer tech giant unveiled last week, as they try to find support around the 105 price level. The stock is rising 1.4% in above-average trade today, on track to break a three-session losing streak. Apple is up nearly 16% from its January low, but is still 20% below its all-time high of 134.54 reached last April. Silicon Valley heavyweights including Alphabet ( GOOGL )-owned Google, Facebook ( FB ), Microsoft ( MSFT ) and Amazon ( AMZN ) all backed Apple in the case, signaling that they too may put up a fight in future encryption cases. Facebook was up 1.1% Tuesday and Microsoft rallied 1.2%. Amazon gained 1.2% and Alphabet added 0.5%. Image provided by Shutterstock . Scalper1 News
Scalper1 News