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APPLE (AAPL)
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Apple : Brazilian agency requires Apple to inform consumers on batteries

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01/03/2018 | 08:01pm CET
FILE PHOTO: A man tries to repair an iPhone in a repair store in New York

A Brazilian state agency responsible for consumer issues notified Apple Inc on Wednesday that it must explain how Brazilian owners of iPhones will be able to buy battery replacements at lower prices.

Procon-SP, an agency in the state of Sao Paulo, Brazil's richest and most populous, said in a statement it notified Apple that it has 10 days to provide the information.

The agency said Apple employees refused to sign the notification, but Procon considered the company notified.

The agency did not say what could happen if Apple does not comply, but it has the power to fine or propose legal action against companies for causing losses to consumers.

Press representatives for Apple in Brazil did not reply to requests for comment.

Apple apologised on Dec. 28 over its handling of the battery issue and said it would make a number of changes for customers. The company said it would cut the price of an out-of-warranty battery replacement from $79 to $29 for an iPhone 6 or later, starting this month.

(Reporting by Gabriela Mello; Writing by Tatiana Bautzer; Editing by Alistair Bell)

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Financials ($)
Sales 2018 273 B
EBIT 2018 74 882 M
Net income 2018 57 647 M
Finance 2018 161 B
Yield 2018 1,47%
P/E ratio 2018 15,46
P/E ratio 2019 14,42
EV / Sales 2018 2,73x
EV / Sales 2019 2,61x
Capitalization 909 B
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Apple Technical Analysis Chart | AAPL | US0378331005 | 4-Traders
Technical analysis trends APPLE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 39
Average target price 188 $
Spread / Average Target 6,0%
EPS Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer, SVP & VP-Human Resources
Kevin M. Lynch Vice President-Technology
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