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APPLE

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Apple : U.S. aviation regulator bans select MacBook Pro laptops from flights

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08/13/2019 | 10:19pm EDT
Apple company logos are seen as two MacBooks stand next to each other in an office in Vienna

(Reuters) - U.S. Federal Aviation Administration (FAA) has banned certain models of Apple Inc MacBook Pro laptops on flights, after the company recalled select units which had batteries posing fire risks.

"The FAA is aware of the recalled batteries that are used in some Apple MacBook Pro laptops," the agency's spokesman said in an emailed statement on Monday, adding that the agency has "alerted airlines about the recall."

Apple said in June it would recall a limited number of 15-inch MacBook Pro units as their batteries were susceptible to overheating. The units were sold between September 2015 and February 2017.

Apple did not immediately respond to a Reuters' request for comment.

(Reporting by Debroop Roy in Bengaluru and David Shepardson in Washington; Editing by Rashmi Aich)

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Financials (USD)
Sales 2019 259 B
EBIT 2019 63 328 M
Net income 2019 54 134 M
Finance 2019 103 B
Yield 2019 1,48%
P/E ratio 2019 17,4x
P/E ratio 2020 15,9x
EV / Sales2019 3,14x
EV / Sales2020 3,05x
Capitalization 916 B
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Number of Analysts 45
Average target price 221,38  $
Last Close Price 202,64  $
Spread / Highest target 33,2%
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NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
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