Stock Ticker

  • Loading stock data...

Apple Inc (NASDAQ:AAPL) To Pay A Hefty Fine After Slowing Down Older Devices

It is a difficult time for Apple Inc (NASDAQ:AAPL) after the court made a ruling compelling it to pay 25 million Euros.

Court’s determination

The allegations in front of the judge provided that the business guru had deliberately slowed down its older iPhone models. It had taken the move before informing customers who launched complaints. At the center of the matter was DGCCRF which happens to be a completion and fraud watchdog operating in France.

This party reveals that Apple did a disservice to customers by taking such a serious move without informing them. The body advocated for Apple to be brought to account by the imposition of a serious fine.

It was back in 2017 that the company faced the same allegations. It had moved with speed to its defense outlining that it did it for a just course. In explaining, Apple outlined that it had to do so in a bid to prolong the life of the devices. The company concluded by outlining that it had spoken with the watchdog eventually settling the matter.

Questions are being asked with a large number of product consumers growing curious by the day. They want to establish why the business giant has been engaging in this endless habit of slowing down iPhones.

The uproar among product consumers

Many opinions were expressed with a large number saying that it was a deliberate move on the part of the company to boost sales for its new models. It was a way to trick customers to upgrade to newer gadgets upon release according to some of the people.

It was in 2017 that this business came to the limelight and admitted to having a slowed down the iPhones. The business launched a defense outline that it had not spoken anything relating coercing customers to upgrade to newer versions.

In explaining the matter further, Apple outlined that the lithium-ion batteries that the devices bore could get to a point where they did not function properly. They could eventually loose their remarkable capabilities in the supply of the peak current demands. Aging took a major toll on them and the company was compelled to move in and resolve the matter.

Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.

Recent Stories

SignUp Now For Our Featured Newsletter