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Apple "battery door" fermentation, in the United States by the class action
This Christmas season hasn't been the best for Apple. According to recent reports, Apple has found itself in legal trouble after acknowledging that it intentionally slowed down older iPhone models. Two users from California have filed a class-action lawsuit against the tech giant, claiming that Apple's actions led them to upgrade their devices, replace batteries, and suffer a loss in device value. The plaintiffs argue that Apple’s decision to slow down older phones was not just a technical issue but a deliberate strategy that affected millions of users across the U.S.
The lawsuit highlights how Apple’s practice of reducing performance on older iPhones has caused frustration among consumers. Many users have noticed their devices slowing down after updating to newer iOS versions. This raised concerns that Apple might be pushing customers toward buying new models. In response, Apple confirmed that it does adjust the performance of older devices, but it claims this is done to prevent unexpected shutdowns caused by aging batteries, not to force upgrades.
Some defenders of Apple argue that the company’s approach was intended to help users who wanted to keep using their old devices without experiencing sudden power failures. However, critics see it as a potential manipulation tactic designed to boost sales. Analysts are now questioning whether this was a deceptive business move that could require regulatory intervention.
Despite the controversy, Apple’s stock has continued to perform strongly this year, with shares rising over 50%. Wall Street analysts remain optimistic about its future, with Morgan Stanley still considering Apple a top pick for 2018. Last month, Apple’s market value surpassed $900 billion, and many investors are wondering if the company will soon become the first to reach a $1 trillion valuation.
The stock price surge largely depends on the success of the iPhone lineup. If Apple’s share price hits $193.61, it could surpass the $1 trillion mark. Some analysts predict that the company will achieve this milestone within the next year. However, not all analysts are as bullish. Nomura analyst Jeffrey Kowal recently downgraded Apple’s stock rating from “buy†to “neutral,†citing concerns over its current high valuation compared to past iPhone cycles.
While Apple’s stock may face some short-term volatility, many believe the long-term outlook remains positive. With strong brand loyalty, a growing ecosystem, and consistent innovation, Apple continues to dominate the tech landscape. Whether or not it reaches the trillion-dollar mark, one thing is clear: Apple is still a major player in the global market.