(San Francisco)

The huge public pushback against Apple’s revelation that it intentionally slowed older iPhone speeds to keep them from crashing is now turning into an ugly, and possibly legal, scandal. The US Department of Justice and the SEC are now launching probes into Apple’s handling of the situation. While the DOJ probe will likely look broadly at behavior, the SEC is looking into whether Apple violated securities laws with regard to its disclosures about software updates.

FINSUM: We have a feeling there is a big fine on the horizon for Apple. The bigger question is whether this hurts their public image and could spark the beginning of the end of the Age of Apple.