Reports: US authorities probing Apple for slowing older iPhones

The Wall Street Journal and Bloomberg reported Tuesday that the Department of Justice and the Securities and Exchange Commission are probing whether Apple violated securities laws.

Published: 31st January 2018 05:42 AM  |   Last Updated: 31st January 2018 05:42 AM   |  A+A-

Momoko Toyotake tries to use Apple's new iPhone 7 (R) and 7 Plus after they went on sale at the Apple Store at Tokyo's Omotesando shopping district | Reuters

Image used for representational purpose only. (File photo |Reuters)

By Associated Press

SAN FRANCISCO: U.S. authorities are investigating Apple's slowing of older iPhones, according to published reports.

The Wall Street Journal and Bloomberg reported Tuesday that the Department of Justice and the Securities and Exchange Commission are probing whether Apple violated securities laws. In December, Apple apologized for the slowdown after a blogger's tests revealed the secretive practice.

Apple has previously been rebuked by lawmakers, and faces a French probe and a slew of lawsuits that allege the company aimed to juice sales of newer models.

Apple shares fell 0.6 percent to close at $166.97 and are down 7 percent since Thursday. Wall Street is also worried about weak demand for its flagship iPhone X.

The Justice Department and SEC declined comment. Apple did not respond to a request for comment.

Stay up to date on all the latest Tech news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL2018