Morgan Stanley Sets US$200 Target Price For AAPL - Cites Apple Car, AR/VR

Morgan Stanley has set AAPL a US$200 price target. In a note seen by AppleInsider, the bank cited Apple’s expected moves into cars and AR/VR as the reasons for this price hike.

Lead analyst Katy Huberty said that the bank is cautious on IT hardware heading into 2022 but noted that Apple should benefit from “a light to quality,” driven by new products being priced-in, as well as the iPhone and App Store Huberty points out that Apple shares don’t appear to bake-in the impact of new products. She points out that Apple is developing products aimed at both the AR/VR and self-driving car markets, and the new price target reflects that. “Today, we know that Apple is working on products to address two significantly large markets – AR/VR and Autonomous Vehicles – and as we get closer to these products becoming a reality, we believe valuation would need to reflect the optionality of these future opportunities,” she wrote.

Co-Founder of Swiss SMS Giant 'Mitto AG' Accused of Government Surveillance

Swiss tech company Mitto AG is trusted by companies such as Twitter and Google to deliver SMS security codes to users, appointment reminders, sales promotions, and more. It’s co-founder and COO Ilja Gorelik has been accused of selling access to Mitto’s networks for surveillance.

The existence of the alternate service was only known to a small number of people within the company, these former employees said. Gorelik sold the service to surveillance companies which in turn contracted with government agencies, according to the employees.

1inch Now Available on Ledger Live to Swap Your Cryptocurrencies

Ledger has recently added crypto swapping service 1inch to the Ledger Live app. It offers competitive transaction fees across the largest available liquidity pools.

1inch is a DeFi aggregator spanning over 120 DEXs across Ethereum, Polygon, Binance Smart Chain and Optimistic Ethereum. It provides you with competitive swapping rates across the biggest available liquidity pools. For instance, you’ll get competitive rates when you swap ETH for Tether, or AAVE for UNI. So far, these options are exclusively available on the Ethereum protocol through Ledger Live.

Safari Now Supports Wide Color Gamut 2D Graphics Using HTML Canvas

The WebKit team is out with a blog post today discussing how Safari handles color gamuts such as sRBG and Display P3.

One notable omission in wide gamut color support, until now, has been in the HTML canvas element. The 2D canvas API was introduced before wide gamut displays were common, and until now has only handled drawing and manipulating sRGB pixel values. Earlier this year, a proposal for creating canvas contexts using other color spaces was added to the HTML standard, and we’ve recently added support for this to WebKit.