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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 CET
A man takes pictures as Apple iPhone 6s and 6s Plus go on sale at an Apple Store in Beijing

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 274 B
EBIT 2018 74 883 M
Net income 2018 57 428 M
Finance 2018 165 B
Yield 2018 1,37%
P/E ratio 2018 15,52
P/E ratio 2019 14,58
EV / Sales 2018 2,72x
EV / Sales 2019 2,61x
Capitalization 909 B
Chart APPLE
Duration : Period :
Apple Technical Analysis Chart | AAPL | US0378331005 | 4-Traders
Technical analysis trends APPLE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 40
Average target price 185 $
Spread / Average Target 4,6%
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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