Apple Sues Former Recycling Partner Over Theft Of 100,000 Devices: Report


Apple Inc (NASDAQ: AAPL) is suing waste manager Geep Canada over allegations that the latter resold products meant to be recycled, Apple Insider reports.

What Happened: More than 100,000 Apple devices such as iPhones, iPads, and Apple Watches are alleged to have been stolen by Geep Canada, according to Apple Insider, which cited The Logic (subscription required).

Geep hasn’t denied the theft but filed a suit of its own — claiming it was three employees who purportedly stole the devices without the company’s knowledge.

The Tim Cook-led company has taken the position that the three employees were senior management personnel, Apple Insider reported.

Apple reportedly discovered the theft after it audited Geep and found 18% of 103,845 devices supposed to be meant for recycling active on carrier networks.

Why It Matters: Apple filed its suit in January, while Geep countersued in July. The thefts pertain to the end of 2017 or the beginning of 2018, after which the Cupertino-based tech giant stopped working with the recycler, noted Apple Insider.

In September last year, Geep Canada merged with other companies to form Quantum Lifecycle Partners.

The consumer electronics company is seeking $22.7 million in damages, as well as full recovery of profits made from the resale of the devices, as per Apple Insider.

In July, Apple laid out the target of going carbon neutral across its supply chain within a decade. 

Microsoft Corporation (NASDAQ: AMZN) and, Inc (NASDAQ: AMZN) have pledged to go carbon neutral by 2030 and 2040 respectively.

Price Action: Apple shares traded 0.96% higher at $114.10 in the pre-market session on Monday.

See more from Benzinga

© 2020 Benzinga does not provide investment advice. All rights reserved.

Source Article

On Know-how, Global Warming And Identity Theft


Today, Information know-how (IT) plays an important function in the area of textile trade. Expertise has made writing essays, homework assignments, journal articles, books, business reports, sales presentation all a lot easier to perform. I think since my dad was in expertise, not the identical as I am involved at present, I was destined for computers.

On the professional side of healthcare globalization, an article by Kanavos et al. (2009), informs that patients in growing countries which are affected by life threatening conditions are unable to entry medicines which might be crucial for remedy.

Using computers and web in schools has allowed students to fully make the most of the knowledge around them. With more individuals getting good telephones daily, I’m wondering how soon the large motels will cease providing entry outdoors of their workplaces in the foyer which are usually free to use.

In the bygone years the place web hadn’t developed into the integral a part of our on a regular basis lives and the chosen medium of relying news, breakthrough in know-how was conveyed to the masses through information papers which have been a gradual, not very durable and cumbersome to archive medium.

The usage of the web in colleges has additionally allowed teachers to extend the workload of the scholars of at this time’s generation. Think about it, anybody can write online lately and there are many articles which are on-line that rank high in search engines like google and yahoo which might be far from a quality article.…