Apple Faces Two Federal Probes Over iPhone Battery Issue
January 30 2018 - 5:06PM
Dow Jones News
By Aruna Viswanatha, Tripp Mickle and Dave Michaels
Apple Inc. is being investigated by the U.S. Department of
Justice and the Securities and Exchange Commission over potential
securities violations related to its disclosure of a software
update that slowed older iPhones, according to people familiar with
the matter.
The two probes add pressure on the tech giant to address
criticism from customers and lawmakers after it acknowledged in
December that it was throttling the performance of older iPhones as
batteries aged. The company later apologized for the issue and
slashed the price of an iPhone battery replacement to $29 from $79,
hoping to win back customer goodwill.
Apple didn't respond to a request for comment. The news was
reported earlier by Bloomberg.
Regulators and prosecutors often open investigations that don't
result in any charges being filed, and securities investigations
often take more than a year. It isn't clear why federal officials
are focusing on potential securities violations involving an issue
affecting customers.
--John McKinnon contributed to this article.
Write to Aruna Viswanatha at Aruna.Viswanatha@wsj.com, Tripp
Mickle at Tripp.Mickle@wsj.com and Dave Michaels at
dave.michaels@wsj.com
(END) Dow Jones Newswires
January 30, 2018 16:51 ET (21:51 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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