Former Boss Prosecuted
Paul Devine was global supply manager for Apple, but he sold the company’s secrets to Asian suppliers. This apparently gave the Asian businesses greater negotiating clout with Apple, and which adversely affected Apple’s costs.
A reporter told knowyourmobile.com: “Mr Devine admitted that the loss to Apple from his actions was more than £1.2m.”
Mr. Devine was arrested last August after incriminating emails were found on his computer. The emails appeared to show that he would be willing to provide information in return for being paid.
Paul Devine admitted charges of wire fraud, money laundering and conspiracy and will be formally sentenced shortly.
This case is one of a long number of legal cases involving Apple and other smartphone manufacturers. While it is the first successful prosecution for industrial espionage, Apple has been involved in a number of copyright theft cases involving other companies.
Meanwhile’s Apple’s COO, Tim Cook has hinted that the company is looking to offer a much cheaper iPhone aimed at the pay as you go market.
Until now, this has only been a rumour, but with Mr. Cook’s apparent intervention, it appears to be more substantial information.
The news comes after an important meeting held between Tim Cook and an industry analyst Toni Sacconaghi. The latter told knowyourmobile.com that Apple has a clever strategy to enable the company to take advantage of the pre-pay market.