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APPLE (AAPL)
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Apple : Ap­ple con­fronted about slow­down

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01/14/2018 | 07:58am CEST

The chairman of the U.S. Senate’s commerce committee wants Apple to lift the veil on its once-secret slowdown of older iPhones.

Sen. John Thune, a South Dakota Republican, issued his request for more information in a letter sent Tuesday to Apple CEO Tim Cook.

Among other things, Thune wants to know if Apple made any effort to notify its customers that its recent software updates would make several types of iPhones released before 2017 slow down when their batteries weakened.

Thune also asked Apple whether it considered replacing the batteries for free, instead of the current discounted charge of $29 that it began offering in late December after acknowledging how its updates affected older iPhones.

Thune demanded a response by Jan. 23. Apple declined to comment.

© 2018 Cooke Communications LLC - The Daily Reflector, source Newspapers

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Financials ($)
Sales 2018 264 B
EBIT 2018 70 297 M
Net income 2018 58 742 M
Finance 2018 129 B
Yield 2018 1,24%
P/E ratio 2018 18,92
P/E ratio 2019 16,31
EV / Sales 2018 3,57x
EV / Sales 2019 3,44x
Capitalization 1 073 B
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Mean consensus OUTPERFORM
Number of Analysts 40
Average target price 237 $
Spread / Average Target 6,7%
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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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