No other details have been announced since the research is still new. It’s likely that the administration is looking into Apple violating the securities laws that need publicly traded organizations to disclose certain financial information, including risk factors connected with investing in the corporation. The DOJ and SEC may think the update that included the slow-down habits a risk factor that could affect the corporation’s stock and one that wasn’t properly unveiled to investors. Apple’s stock fell 1.02 percent to $166.21 per share.
But this new study doesn’t signal definite wrongdoing by Apple just an inquiry by the government to see whether or not wrongdoing happened. It’s also unclear which securities laws the DOJ and SEC are referencing and since the probe is private, it’s hard to predict when more data about the investigation will be made public.
Apple’s battery debate began at the end of 2017 when the organization confirmed it intentionally slowed down the performance of old iPhone models to stop unexpected shutdowns due to aging batteries. Customers were furious as many had assumed the company’s practices for quite some time. Apple formally confessed and lowered the cost of out-of-warranty iPhone battery replacements from $79 to $29 in hopes of swaying back the trust of angry customers.
But Apple will not stop lagging down older iPhones in the future. The practice was founded in a past software update and will be included in future versions of operating systems. However, Apple has agreed more transparent battery health UI tools in future software updates, as well as the option to turn off the power control tool that intentionally slows down an iPhone’s performance.
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