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Apple files legal complaint against UK government over encrypted data access demand

Apple files legal complaint against UK government over encrypted data access demand

Via fracttal.com

The tech giant is challenging a secret order that would force it to unlock encrypted iCloud data, setting up a landmark privacy battle expected to reach tribunal in early 2026

Apple Inc. (AAPL) price

Full chart and stats

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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 PriceMarket capP/E (trailing)Forward P/EAnnual revenue (USD)Annual revenue growthAnnual net income (USD)Operating margin
Apple Inc. AAPL · Price dated Oct 27, 2026 · tokenized AAPLx $347$5.1T39.8Unavailable$416.2BFY ended 2025-09-27 · 10-K+6.4%FY ended 2025-09-27 vs 2024-09-28 · 10-K112,010,000,000FY ended 2025-09-27, attributable to the company · 10-K32.0%FY ended 2025-09-27
Dell Technologies Inc. DELL · Price dated Oct 27, 2026 $502$321.3B29.2Unavailable$113.5BFY ended 2026-01-30 · 10-K+18.8%FY ended 2026-01-30 vs 2025-01-31 · 10-K5,936,000,000FY ended 2026-01-30, attributable to the company · 10-K7.2%FY ended 2026-01-30
Super Micro Computer, Inc. SMCI · Price dated Oct 27, 2026 $35$23.1B10.8Unavailable$39.1BFY ended 2026-06-30 · 10-K+77.8%FY ended 2026-06-30 vs 2025-06-30 · 10-K2,230,453,000FY ended 2026-06-30, attributable to the company · 10-K7.1%FY ended 2026-06-30
Cisco Systems Inc. CSCO · Price dated Oct 27, 2026 · tokenized CSCOx $111$439.1B33.4Unavailable$63.3BFY ended 2026-07-25 · 10-K+11.8%FY ended 2026-07-25 vs 2025-07-26 · 10-K13,267,000,000FY ended 2026-07-25, attributable to the company · 10-K24.3%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 27, 2026, 8:43 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

$348.00Oct 27 UTC

+12.1% over displayed period

● AAPLx token┄ AAPL stock: $347.10

Aug 4, 2026: token $310.34 at 20:00 UTC; stock close $309.38 Aug 5, 2026: token $311.72 at 20:00 UTC; stock close $311.00 Aug 6, 2026: token $312.78 at 20:00 UTC; stock close $312.41 Aug 7, 2026: token $313.83 at 20:00 UTC; stock close $313.33 Aug 10, 2026: token $308.62 at 20:00 UTC; stock close $308.26 Aug 11, 2026: token $305.37 at 20:00 UTC; stock close $304.91 Aug 12, 2026: token $302.83 at 20:00 UTC; stock close $302.25 Aug 13, 2026: token $305.79 at 20:00 UTC; stock close $305.26 Aug 14, 2026: token $306.96 at 20:00 UTC; stock close $305.93 Aug 17, 2026: token $306.25 at 20:00 UTC; stock close $305.59 Aug 18, 2026: token $311.31 at 20:00 UTC; stock close $310.03 Aug 19, 2026: token $317.34 at 20:00 UTC; stock close $316.83 Aug 20, 2026: token $311.74 at 20:00 UTC; stock close $311.30 Aug 21, 2026: token $310.51 at 20:00 UTC; stock close $309.35 Aug 24, 2026: token $311.44 at 20:00 UTC; stock close $310.34 Aug 25, 2026: token $310.87 at 20:00 UTC; stock close $309.90 Aug 26, 2026: token $314.52 at 20:00 UTC; stock close $313.45 Aug 27, 2026: token $315.05 at 20:00 UTC; stock close $314.58 Aug 28, 2026: token $320.36 at 20:00 UTC; stock close $319.70 Aug 31, 2026: token $317.65 at 20:00 UTC; stock close $316.85 Sep 1, 2026: token $325.59 at 20:00 UTC; stock close $325.13 Sep 2, 2026: token $325.80 at 20:00 UTC; stock close $324.96 Sep 3, 2026: token $329.13 at 20:00 UTC; stock close $328.21 Sep 4, 2026: token $321.11 at 20:00 UTC; stock close $319.97 Sep 8, 2026: token $316.85 at 20:00 UTC; stock close $316.22 Sep 9, 2026: token $316.30 at 20:00 UTC; stock close $315.34 Sep 10, 2026: token $327.20 at 20:00 UTC; stock close $326.57 Sep 11, 2026: token $333.36 at 20:00 UTC; stock close $332.27 Sep 14, 2026: token $334.25 at 20:00 UTC; stock close $333.08 Sep 15, 2026: token $331.88 at 20:00 UTC; stock close $331.34 Sep 16, 2026: token $333.36 at 20:00 UTC; stock close $332.41 Sep 17, 2026: token $337.97 at 20:00 UTC; stock close $337.00 Sep 18, 2026: token $337.26 at 20:00 UTC; stock close $336.13 Sep 21, 2026: token $340.11 at 20:00 UTC; stock close $338.98 Sep 22, 2026: token $340.64 at 20:00 UTC; stock close $339.75 Sep 23, 2026: token $337.57 at 20:00 UTC; stock close $337.02 Sep 24, 2026: token $337.27 at 20:00 UTC; stock close $335.92 Sep 25, 2026: token $341.92 at 20:00 UTC; stock close $341.07 Sep 28, 2026: token $339.71 at 20:00 UTC; stock close $338.40 Sep 29, 2026: token $330.45 at 20:00 UTC; stock close $329.40 Sep 30, 2026: token $334.56 at 20:00 UTC; stock close $333.02 Oct 1, 2026: token $331.46 at 20:00 UTC; stock close $330.32 Oct 2, 2026: token $334.68 at 20:00 UTC; stock close $333.69 Oct 5, 2026: token $333.54 at 20:00 UTC; stock close $332.89 Oct 6, 2026: token $334.55 at 20:00 UTC; stock close $333.63 Oct 7, 2026: token $337.28 at 20:00 UTC; stock close $336.67 Oct 8, 2026: token $341.31 at 20:00 UTC; stock close $340.42 Oct 9, 2026: token $337.58 at 20:00 UTC; stock close $336.64 Oct 12, 2026: token $341.95 at 20:00 UTC; stock close $340.97 Oct 13, 2026: token $342.44 at 20:00 UTC; stock close $341.27 Oct 14, 2026: token $344.06 at 20:00 UTC; stock close $342.96 Oct 15, 2026: token $343.24 at 20:00 UTC; stock close $342.00 Oct 16, 2026: token $344.31 at 20:00 UTC; stock close $343.46 Oct 19, 2026: token $344.18 at 20:00 UTC; stock close $342.94 Oct 20, 2026: token $340.65 at 20:00 UTC; stock close $339.50 Oct 21, 2026: token $344.81 at 20:00 UTC; stock close $343.99 Oct 22, 2026: token $349.21 at 20:00 UTC; stock close $348.22 Oct 23, 2026: token $348.46 at 20:00 UTC; stock close $347.73 Oct 26, 2026: token $344.87 at 20:00 UTC; stock close $343.91 Oct 27, 2026: token $348.00 at 20:00 UTC; stock close $347.10
Aug 4$302.25 to $349.21Oct 27

Source: CoinGecko + Gloria · Retrieved Oct 28, 13:51 UTC

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.

Apple token vs Apple stock: exact source values
Date (UTC)Token (USD)Stock close (USD)Token quote (UTC)
2026-08-04310.34309.382026-08-04 20:00
2026-08-05311.72311.002026-08-05 20:00
2026-08-06312.78312.412026-08-06 20:00
2026-08-07313.83313.332026-08-07 20:00
2026-08-10308.62308.262026-08-10 20:00
2026-08-11305.37304.912026-08-11 20:00
2026-08-12302.83302.252026-08-12 20:00
2026-08-13305.79305.262026-08-13 20:00
2026-08-14306.96305.932026-08-14 20:00
2026-08-17306.25305.592026-08-17 20:00
2026-08-18311.31310.032026-08-18 20:00
2026-08-19317.34316.832026-08-19 20:00
2026-08-20311.74311.302026-08-20 20:00
2026-08-21310.51309.352026-08-21 20:00
2026-08-24311.44310.342026-08-24 20:00
2026-08-25310.87309.902026-08-25 20:00
2026-08-26314.52313.452026-08-26 20:00
2026-08-27315.05314.582026-08-27 20:00
2026-08-28320.36319.702026-08-28 20:00
2026-08-31317.65316.852026-08-31 20:00
2026-09-01325.59325.132026-09-01 20:00
2026-09-02325.80324.962026-09-02 20:00
2026-09-03329.13328.212026-09-03 20:00
2026-09-04321.11319.972026-09-04 20:00
2026-09-08316.85316.222026-09-08 20:00
2026-09-09316.30315.342026-09-09 20:00
2026-09-10327.20326.572026-09-10 20:00
2026-09-11333.36332.272026-09-11 20:00
2026-09-14334.25333.082026-09-14 20:00
2026-09-15331.88331.342026-09-15 20:00
2026-09-16333.36332.412026-09-16 20:00
2026-09-17337.97337.002026-09-17 20:00
2026-09-18337.26336.132026-09-18 20:00
2026-09-21340.11338.982026-09-21 20:00
2026-09-22340.64339.752026-09-22 20:00
2026-09-23337.57337.022026-09-23 20:00
2026-09-24337.27335.922026-09-24 20:00
2026-09-25341.92341.072026-09-25 20:00
2026-09-28339.71338.402026-09-28 20:00
2026-09-29330.45329.402026-09-29 20:00
2026-09-30334.56333.022026-09-30 20:00
2026-10-01331.46330.322026-10-01 20:00
2026-10-02334.68333.692026-10-02 20:00
2026-10-05333.54332.892026-10-05 20:00
2026-10-06334.55333.632026-10-06 20:00
2026-10-07337.28336.672026-10-07 20:00
2026-10-08341.31340.422026-10-08 20:00
2026-10-09337.58336.642026-10-09 20:00
2026-10-12341.95340.972026-10-12 20:00
2026-10-13342.44341.272026-10-13 20:00
2026-10-14344.06342.962026-10-14 20:00
2026-10-15343.24342.002026-10-15 20:00
2026-10-16344.31343.462026-10-16 20:00
2026-10-19344.18342.942026-10-19 20:00
2026-10-20340.65339.502026-10-20 20:00
2026-10-21344.81343.992026-10-21 20:00
2026-10-22349.21348.222026-10-22 20:00
2026-10-23348.46347.732026-10-23 20:00
2026-10-26344.87343.912026-10-26 20:00
2026-10-27348.00347.102026-10-27 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 taking the UK government to court over a demand that would effectively punch a hole through its encryption protections. The company filed a legal complaint challenging a Technical Capability Notice (TCN) issued by British authorities in January 2025, which ordered Apple to provide access to encrypted iCloud backups.

Rather than quietly comply, Apple chose the nuclear option: it disabled its optional Advanced Data Protection (ADP) feature for UK users entirely.

What the UK actually demanded

The original order wasn’t just about British users. The TCN initially carried a worldwide scope, meaning UK authorities were essentially asking Apple to create a backdoor that could access encrypted data for users globally.

The Investigatory Powers Act, sometimes referred to as the “Snoopers’ Charter,” gives UK authorities the legal framework to issue these notices. In practice, a TCN compels a company to build technical capabilities that allow law enforcement to access communications data.

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The global scope of the original demand caught the attention of US officials. Following objections from Washington in August 2025, the UK modified the order. The revised version focused solely on UK-based data.

Apple’s response has been characteristically blunt.

“We have never built a backdoor or master key to any of our products or services and we never will.”

The encryption chess match

Apple’s decision to pull ADP from UK users deserves a closer look. Advanced Data Protection is an opt-in feature that extends end-to-end encryption to iCloud backups, photos, notes, and other data categories. Without it, Apple holds encryption keys for most iCloud data and can hand material over when served with valid legal process.

It’s worth noting that 15 default categories within iCloud remain end-to-end encrypted even without ADP enabled. So the sky hasn’t completely fallen for UK iPhone owners. But the optional layer of protection that privacy-conscious users relied on is gone.

The case is now headed to a tribunal, with hearings expected in early 2026.

Why crypto and tech investors should care

If the UK successfully compels Apple to weaken its encryption, the playbook becomes available to every other government with similar ambitions. Australia already has comparable legislation. The EU has been debating client-side scanning proposals for years. India has pushed for traceability in encrypted messaging apps.

For the broader technology sector, forced decryption mandates create a compliance nightmare. Companies operating across multiple jurisdictions would face contradictory legal requirements: one country demanding backdoor access while another’s privacy laws prohibit exactly that. The GDPR in Europe, for instance, essentially requires robust data protection, which sits in direct tension with building government access points.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.