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4-Traders Homepage  >  Equities  >  Nasdaq  >  Apple    AAPL

APPLE (AAPL)
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House Republicans want answers on Apple throttling older iPhone speeds: letter

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01/13/2018 | 12:06am CEST
A man takes pictures as Apple iPhone 6s and 6s Plus go on sale at an Apple Store in Beijing

WASHINGTON (Reuters) - Four U.S. House Republicans, including the chairman of the Energy and Commerce Committee, on Friday wrote Apple Inc chief executive Tim Cook asking him to answer questions about its disclosure that it slowed older iPhones with flagging batteries.

The California-based company apologized over the issue on Dec. 28, cut battery replacement costs and said it will change its software to show users whether their phone battery is good. The letter also said they were concerned about reports that an iPhone battery overheated and began to emit smoke in Switzerland.

U.S. Senator John Thune, who chairs the Senate Commerce Committee, sent a similar letter to Apple on Tuesday. Apple did not immediately respond to a request for comment Friday.

(Reporting by David Shepardson; Editing by Chris Reese)

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Financials ($)
Sales 2018 261 B
EBIT 2018 69 298 M
Net income 2018 57 776 M
Finance 2018 137 B
Yield 2018 1,42%
P/E ratio 2018 16,58
P/E ratio 2019 14,38
EV / Sales 2018 3,08x
EV / Sales 2019 3,06x
Capitalization 941 B
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Apple Technical Analysis Chart | AAPL | US0378331005 | 4-Traders
Technical analysis trends APPLE
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 39
Average target price 202 $
Spread / Average Target 6,1%
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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