Webwire: Apple market cap soaring; Ericsson backs China

Apple value continues to climb
Two analysts have forecast that the value of Apple stock could rise to $1,000 (€758), and that the company could eventually become the first to reach a market cap of $1 trillion.

Ericsson eyes China for sales growth
Ericsson believes China remains ripe for network infrastructure sales growth, despite a slowdown in the Asia Pacific region as a whole.

Huawei, ZTE tipped to ship 100m smartphones
Taiwanese handset component makers predict Huawei Device and ZTE to ship a combined 95-100 million smartphones in 2012, for a joint market share of 15%.

UK ministers protest communications law changes
The UK government faces a backlash from its own members over plans to require communications providers to store all messages from subscribers for a year.
The Guardian

Amazon tests in-app payment
Amazon and app publishers have been trialing a new in-app payment service for the Amazon Appstore, with Amazon taking a 30% commission on payment made using the platform.

ACCC beats Google in search ads case
Australian regulator ACCC has won a legal battle against Google, with a court ruling that the company engaged in misleading advertising with its search ads.
The Australian

ARM collaborates on online security
ARM is teaming with smartcard firms Gemalto and Giesecke & Devrient to boost development of common security standards for online transactions.
Wall Street Journal

Second travel firm complains about Google
TripAdvisor is the second online travel firm to file a lawsuit against Google in Europe in as many weeks. The firm claims the search giant engages in anti-competitive practices in a complaint to the EC