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THE NEW AMERICAN INSOLVENCY LAW MAY BRING APPLE TO BANKRUPTCY

..., a guide to action for legislative bodies in other American states. According to the technical expert of the company, Eric Neuenschwander, such measures introduced by the state authorities can actually destroy the main product of the company - the iPhone. The company may even face bankruptcy, if this initiative begins to come into force across the states. Neuenschwander believes that the removal of the control over third-party applications, which Apple is currently implementing, will make the mobile platform less efficient, reduce the level of security and data privacy. However, critics have opposed the 30% “extortionate” commission that the company charges for every financial transaction by users ...

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