Apple files legal challenge against UK demand for encrypted data access
Via getstealery.com
The tech giant is fighting a second round against British authorities over backdoor access to iCloud backups, with major implications for global encryption standards.
Apple Inc. (AAPL) price
Full chart and statsLoading chart…
- Last close
- $347
- Close-to-close change
- +0.9%
- Market cap
- $5.1T (shares as of 2026-07-17)
- P/E (trailing)
- 39.8 (EPS to 2026-06-27)
- Annual revenue
- $416.2B USD (FY ended 2025-09-27) 10-K
- Annual revenue growth
- +6.4% (FY ended 2025-09-27 vs FY ended 2024-09-28) 10-K
- Annual net income
- 112,010,000,000 USD (FY ended 2025-09-27, attributable to the company) 10-K
- Annual operating margin
- 32.0% (FY ended 2025-09-27)
- Forward P/E
- Unavailable: no dated forecast source
Gloria daily close for session Oct 27, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.
Apple Inc. and its peers
| Company | Price | Market cap | P/E (trailing) | Forward P/E | Annual revenue (USD) | Annual revenue growth | Annual net income (USD) | Operating margin |
|---|---|---|---|---|---|---|---|---|
|
|
$347 | $5.1T | 39.8 | Unavailable | $416.2BFY ended 2025-09-27 · 10-K | +6.4%FY ended 2025-09-27 vs 2024-09-28 · 10-K | 112,010,000,000FY ended 2025-09-27, attributable to the company · 10-K | 32.0%FY ended 2025-09-27 |
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$502 | $321.3B | 29.2 | Unavailable | $113.5BFY ended 2026-01-30 · 10-K | +18.8%FY ended 2026-01-30 vs 2025-01-31 · 10-K | 5,936,000,000FY ended 2026-01-30, attributable to the company · 10-K | 7.2%FY ended 2026-01-30 |
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$35 | $23.1B | 10.8 | Unavailable | $39.1BFY ended 2026-06-30 · 10-K | +77.8%FY ended 2026-06-30 vs 2025-06-30 · 10-K | 2,230,453,000FY ended 2026-06-30, attributable to the company · 10-K | 7.1%FY ended 2026-06-30 |
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$111 | $439.1B | 33.4 | Unavailable | $63.3BFY ended 2026-07-25 · 10-K | +11.8%FY ended 2026-07-25 vs 2025-07-26 · 10-K | 13,267,000,000FY ended 2026-07-25, attributable to the company · 10-K | 24.3%FY ended 2026-07-25 |
Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.
Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 28, 2026, 4:46 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.
Token vs underlying stock
Current comparison for AAPL. Historical observations may postdate this article.
AAPLx token unit vs AAPL share · USD
+12.1% over displayed period
● AAPLx token┄ AAPL stock: $347.10
Source: CoinGecko + Gloria · Retrieved Oct 28, 20:15 UTC · Delayed
Methodology and data
Split-adjusted regular-session stock closes from the existing Gloria shared history, paired only with an observed token price within 45 minutes of 16:00 New York time. Up to 60 matched sessions. No interpolation or missing-date fill. Weekends and known early closes are omitted. Token units are not adjusted for issuer multipliers or dividend treatment. This compares quoted prices, not fair value, executable premiums or arbitrage returns. Solid line: token. Dashed line: stock. Exact quote times and values appear below. Historical observations. Retrieval refers to the token source. Token quote times use UTC. The fixed cohort shows its oldest member fetch.
| Date (UTC) | Token (USD) | Stock close (USD) | Token quote (UTC) |
|---|---|---|---|
| 2026-08-04 | 310.34 | 309.38 | 2026-08-04 20:00 |
| 2026-08-05 | 311.72 | 311.00 | 2026-08-05 20:00 |
| 2026-08-06 | 312.78 | 312.41 | 2026-08-06 20:00 |
| 2026-08-07 | 313.83 | 313.33 | 2026-08-07 20:00 |
| 2026-08-10 | 308.62 | 308.26 | 2026-08-10 20:00 |
| 2026-08-11 | 305.37 | 304.91 | 2026-08-11 20:00 |
| 2026-08-12 | 302.83 | 302.25 | 2026-08-12 20:00 |
| 2026-08-13 | 305.79 | 305.26 | 2026-08-13 20:00 |
| 2026-08-14 | 306.96 | 305.93 | 2026-08-14 20:00 |
| 2026-08-17 | 306.25 | 305.59 | 2026-08-17 20:00 |
| 2026-08-18 | 311.31 | 310.03 | 2026-08-18 20:00 |
| 2026-08-19 | 317.34 | 316.83 | 2026-08-19 20:00 |
| 2026-08-20 | 311.74 | 311.30 | 2026-08-20 20:00 |
| 2026-08-21 | 310.51 | 309.35 | 2026-08-21 20:00 |
| 2026-08-24 | 311.44 | 310.34 | 2026-08-24 20:00 |
| 2026-08-25 | 310.87 | 309.90 | 2026-08-25 20:00 |
| 2026-08-26 | 314.52 | 313.45 | 2026-08-26 20:00 |
| 2026-08-27 | 315.05 | 314.58 | 2026-08-27 20:00 |
| 2026-08-28 | 320.36 | 319.70 | 2026-08-28 20:00 |
| 2026-08-31 | 317.65 | 316.85 | 2026-08-31 20:00 |
| 2026-09-01 | 325.59 | 325.13 | 2026-09-01 20:00 |
| 2026-09-02 | 325.80 | 324.96 | 2026-09-02 20:00 |
| 2026-09-03 | 329.13 | 328.21 | 2026-09-03 20:00 |
| 2026-09-04 | 321.11 | 319.97 | 2026-09-04 20:00 |
| 2026-09-08 | 316.85 | 316.22 | 2026-09-08 20:00 |
| 2026-09-09 | 316.30 | 315.34 | 2026-09-09 20:00 |
| 2026-09-10 | 327.20 | 326.57 | 2026-09-10 20:00 |
| 2026-09-11 | 333.36 | 332.27 | 2026-09-11 20:00 |
| 2026-09-14 | 334.25 | 333.08 | 2026-09-14 20:00 |
| 2026-09-15 | 331.88 | 331.34 | 2026-09-15 20:00 |
| 2026-09-16 | 333.36 | 332.41 | 2026-09-16 20:00 |
| 2026-09-17 | 337.97 | 337.00 | 2026-09-17 20:00 |
| 2026-09-18 | 337.26 | 336.13 | 2026-09-18 20:00 |
| 2026-09-21 | 340.11 | 338.98 | 2026-09-21 20:00 |
| 2026-09-22 | 340.64 | 339.75 | 2026-09-22 20:00 |
| 2026-09-23 | 337.57 | 337.02 | 2026-09-23 20:00 |
| 2026-09-24 | 337.27 | 335.92 | 2026-09-24 20:00 |
| 2026-09-25 | 341.92 | 341.07 | 2026-09-25 20:00 |
| 2026-09-28 | 339.71 | 338.40 | 2026-09-28 20:00 |
| 2026-09-29 | 330.45 | 329.40 | 2026-09-29 20:00 |
| 2026-09-30 | 334.56 | 333.02 | 2026-09-30 20:00 |
| 2026-10-01 | 331.46 | 330.32 | 2026-10-01 20:00 |
| 2026-10-02 | 334.68 | 333.69 | 2026-10-02 20:00 |
| 2026-10-05 | 333.54 | 332.89 | 2026-10-05 20:00 |
| 2026-10-06 | 334.55 | 333.63 | 2026-10-06 20:00 |
| 2026-10-07 | 337.28 | 336.67 | 2026-10-07 20:00 |
| 2026-10-08 | 341.31 | 340.42 | 2026-10-08 20:00 |
| 2026-10-09 | 337.58 | 336.64 | 2026-10-09 20:00 |
| 2026-10-12 | 341.95 | 340.97 | 2026-10-12 20:00 |
| 2026-10-13 | 342.44 | 341.27 | 2026-10-13 20:00 |
| 2026-10-14 | 344.06 | 342.96 | 2026-10-14 20:00 |
| 2026-10-15 | 343.24 | 342.00 | 2026-10-15 20:00 |
| 2026-10-16 | 344.31 | 343.46 | 2026-10-16 20:00 |
| 2026-10-19 | 344.18 | 342.94 | 2026-10-19 20:00 |
| 2026-10-20 | 340.65 | 339.50 | 2026-10-20 20:00 |
| 2026-10-21 | 344.81 | 343.99 | 2026-10-21 20:00 |
| 2026-10-22 | 349.21 | 348.22 | 2026-10-22 20:00 |
| 2026-10-23 | 348.46 | 347.73 | 2026-10-23 20:00 |
| 2026-10-26 | 344.87 | 343.91 | 2026-10-26 20:00 |
| 2026-10-27 | 348.00 | 347.10 | 2026-10-27 20:00 |
Stock history: Gloria · Retrieved Oct 28, 00:31 UTC. Token history: CoinGecko AAPLx.
Quoted token and share units can have different rights, multipliers and dividend treatment. This is not an executable premium or arbitrage signal.
Apple is back in court against the UK government. The company filed a legal challenge at the Investigatory Powers Tribunal against a new Technical Capability Notice issued by the Home Office, which demands backdoor access to encrypted iCloud backups belonging to British users.
What the UK wants, and what Apple won’t give
The Technical Capability Notice, or TCN, is essentially a legal order from the UK’s Home Office compelling Apple to build a backdoor into its Advanced Data Protection feature. ADP is Apple’s end-to-end encryption system for iCloud backups, meaning only the user holds the keys to their data. Not Apple, not the government, not anyone else.
Apple has stated plainly that it has never built a backdoor or master key to its products and services, and never will. That’s a legal position the company is prepared to defend in court, again.
The original TCN was issued in January 2025, and Apple’s initial response was to disable Advanced Data Protection for UK users entirely. The broader global access demand that accompanied that first TCN was eventually withdrawn in August 2025, reportedly due to diplomatic pressure from the US. The Home Office then issued a revised, UK-specific TCN, and that’s the order Apple is now challenging. Apple filed its legal challenge at the IPT in July 2026.
The legal battlefield
The case is being heard by the Investigatory Powers Tribunal, a specialized court that handles complaints about surveillance by UK intelligence and law enforcement agencies. The IPT has directed both Apple and the Home Office to agree on “assumed facts” that will form the basis of the case, with a public hearing tentatively scheduled for early 2026.
Discussions surrounding TCNs are largely secretive by design. There are legal restrictions on even acknowledging that a TCN has been issued, which is why neither Apple nor the Home Office has publicly commented on the specifics.
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Privacy International and Liberty, two prominent advocacy organizations, are also contesting the TCN regime alongside Apple.
Why crypto holders should be paying attention
The encryption Apple uses for iCloud backups is conceptually identical to the cryptographic principles that secure Bitcoin wallets, private keys, and blockchain transactions. If a government successfully compels a company to build a backdoor into end-to-end encryption, the precedent doesn’t stop at iCloud.
The UK’s approach has already influenced policy discussions in other jurisdictions. Australia passed its own encryption-weakening legislation in 2018, and the EU has periodically floated similar proposals under the banner of combating child exploitation.
A backdoor built for law enforcement is a backdoor available to anyone who discovers it. There is no mathematical construct that allows selective access to encrypted data.
A ruling in Apple’s favor would reinforce the legal legitimacy of unbreakable encryption. A ruling against Apple would send every encryption-dependent product and protocol, from Signal to Monero to hardware wallets, into a new era of regulatory risk.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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