Displaying items by tag: iphone

(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.

(San Francisco)

The risks of regulation on Silicon Valley are rising. Fake news and data leaks have raised the suspicion of media, consumers, and government, and just yesterday Apple’s shareholders called for an investigation into iPhone addiction and mental damage in children. Now, without even a day’s rest, there is a another major probe into Apple. This one is coming out of France and surrounds the allegation that Apple deliberately worsens performance in older phones. The company faces criminal charges for the behavior.

FINSUM: So this could go both ways. If France finds something, it could turn into a global PR nightmare that could really hurt the company. However, we are not sure how much information France will actually have access to, so it may turn out to be nothing.