Apple share price: All Apple devices affected by processing chip flaw

Tech giant Apple has said that all Mac and IOS products are affected by the chip flaw that has been reported in recent days. Apple shares ended the US Thursday trading session higher amid news of record App store sales on New Years day.

Apple share price: All Apple devices affected by processing chip flaw

Tech giant Apple has said that all Mac and IOS products are affected by the chip flaw that has been reported in recent days. Apple shares ended the US Thursday trading session higher amid news of record App store sales on New Years day.

The tech giant made the chip vulnerability admission in a blog post later the same day.

On Thursday, Apple shares closed 0.46% higher at $173.03. However, out-of-hours trading currently places the stock price in the red.

Apple working to fix chip flaw

Apple’s blog post states that all Apple products are affected by one, or both of the problems associated with the chip security flaw.

“Security researchers have recently uncovered security issues known by two names, Meltdown and Spectre,” Apple said in its post. “These issues apply to all modern processors and affect nearly all computing devices and operating systems.”

The post goes on:

“All Mac systems and iOS devices are affected, but there are no known exploits impacting customers at this time. Since exploiting many of these issues requires a malicious app to be loaded on your Mac or iOS device, we recommend downloading software only from trusted sources such as the App Store.”

The tech development expert has said the Apple watch isn’t affected by Meltdown and that it has already released updates to protect other products from that problem. Apple is also working on patches and updates to defend against Spectre and will release them as and when they’re ready.

Record App sales

While the tech world continues to work on and reassure on the chip flaw that likely affects most computer-related tech in use around the world, Apple is also celebrating record App store sales.

In a press release Thursday, Apple said App users collectively spent $300 billion on Apps on New Years day, 2018. That’s a 25% increase on the same day in 2017 and the biggest amount spent on App store in a single day, on record.

And, in the week beginning Christmas Eve, some $890 billion was spent on Apps over that seven-day period, another record for the firm.

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