Apple today confirmed that it had received inquiries from U.S govt agencies over a software update that is slowed down aged iPhones' performance and also clarified that it is responding to them. According to the sources, the U.S. Department of Justice and the Securities and Exchange Commission are said to be investigating Apple to see whether it has violated any securities laws concerning its disclosures. Since the inquiry is in early stages, it is too soon to conclude the outcome or if any enforcement will follow. Sources say that the Govt agencies are investigating the Apple's public statements on the situation. The major concern here is to see if Apple may have misled investors about the performance of older phones. On the other hand, there were reports yesterday saying that Apple might have postponed key software features like home screen redesign, etc. to focus on reliability and performance for iOS 12. Regarding the iPhone throttling issue, Apple Chief Executive Officer Tim Cook back in January told ABC News that "we did say what it was, but I don’t think a lot of people were paying attention. And maybe we should have been clearer." Apple has apologized for not being transparent enough with the issue and has also ...
Thursday, 1 February 2018
Apple confirms US govt inquiries over throttling aged iPhones
Apple today confirmed that it had received inquiries from U.S govt agencies over a software update that is slowed down aged iPhones' performance and also clarified that it is responding to them. According to the sources, the U.S. Department of Justice and the Securities and Exchange Commission are said to be investigating Apple to see whether it has violated any securities laws concerning its disclosures. Since the inquiry is in early stages, it is too soon to conclude the outcome or if any enforcement will follow. Sources say that the Govt agencies are investigating the Apple's public statements on the situation. The major concern here is to see if Apple may have misled investors about the performance of older phones. On the other hand, there were reports yesterday saying that Apple might have postponed key software features like home screen redesign, etc. to focus on reliability and performance for iOS 12. Regarding the iPhone throttling issue, Apple Chief Executive Officer Tim Cook back in January told ABC News that "we did say what it was, but I don’t think a lot of people were paying attention. And maybe we should have been clearer." Apple has apologized for not being transparent enough with the issue and has also ...
