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The 'Snowden Effect' Continues As China Claims Apple's iPhone A Threat To National Secur

Today, China just announced they don't trust our beloved iPhone. Further underscoring today's untrusting new world order in the "post-Snowden" era, the Russian Industry and Trade Ministry recently announced that their government would be doing away with "untrusted Intel and AMD processors" over time, while launching an effort to build their own ARM-based "Baikal" processor and move to Linux for government systems.  And hey, ARM is a British multinational company but you can trust them much more than the "spying" Americans, right?  But of course.

It's truly a sign of the times as what many have termed "the Snowden Effect" continues to reverberate throughout the global economy.  The Chinese state media noted that Apple's AAPL +0.1% iPhone is a "threat to national security" because the device tracks user location and offers time-based information on their whereabouts at any given time. 

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