Apple (AAPL) has admitted that leaks from suppliers could negatively impact its profits.
In a filing with the SEC, the tech titan has stated that leaks could "materially adversely affect" its financial results.
"The Company's business also requires it to share confidential information with suppliers and other third parties," Apple said in a 10K filing. "Although the Company takes steps to secure confidential information that is provided to third parties, such measures may not be effective and losses or unauthorized access to or releases of confidential information may still occur, which could materially adversely affect the Company's reputation, financial condition and operating results."
The acknowledgment of the adverse impacts leaks have on the company's the bottom line was filed under a subheading reading:
"There may be losses or unauthorized access to or releases of confidential information, including personally identifiable information, that could subject the Company to significant reputational, financial, legal and operational consequences."
Meanwhile, Samsung just had a lot of fun at Apple's expense:
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