Your iPhone has been letting others eavesdrop on you – The Wall Street Journal

DUBLIN — Apple has long promoted itself as a champion of privacy and data security in an age of hacks and targeted advertising. So, it's pretty embarrassing for the company to discover that a glitch in its software has allowed users of its FaceTime chat system to eavesdrop on one another. The news will do nothing to stem worries about Apple's long-term prospects. Investors have already sold the company hard on worries about slowing iPhone sales, especially in China. Its down to around $150 from a high of over $230 and its market cap is down to less than $740bn after briefly hitting the $1trn mark. It remains an open question whether investors' concerns are overblown or right on target. One sign is that Apple's PE is currently just over 13, compared to over 20 for the S&P 500. Either Apple is cheap, or it's doomed. – Felicity Duncan

Apple Bug Enables Eavesdropping on FaceTime Users

By Robert McMillan

(The Wall Street Jounral) Apple Inc. scrambled to fix a bug in its FaceTime video-chat system that lets callers eavesdrop on users of iPhones, iPads, and Macs, an embarrassing setback for a company that has touted its commitment to privacy.

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