The News – Capital Media
The News – Capital Media
  • Reports: DOJ, SEC probe Apple for slowing older iPhones

  • U.S. authorities are investigating Apple's slowing of older iPhones, according to reports. The Wall Street Journal and Bloomberg reported Tuesday that the Department of Justice and the Securities and Exchange Commission are probing whether Apple violated securities laws. Apple has previously been rebuked by lawmakers, and faces a French probe and a slew of lawsuits that allege the company aimed to juice sales of newer models.

, FILE - In this March 9, 2015 file photo, Apple CEO Tim Cook talks about the iPhone 6 and iPhone 6 Plus during an Apple event in San Francisco. U.S. authorities are investigating Apple’s slowing of older iPhones, according to published reports. The Wall Street Journal and Bloomberg reported Tuesday, Jan. 30, 2018, that the Department of Justice and the Securities and Exchange Commission are probing whether Apple violated securities laws. (AP Photo/Eric Risberg, File)

30 of January 2018 23:32:23

SAN FRANCISCO (AP) — U.S. authorities are investigating Apple's slowing of older iPhones, according to published reports.

The Wall Street Journal and Bloomberg reported Tuesday that the Department of Justice and the Securities and Exchange Commission are probing whether Apple violated securities laws. In December, Apple apologized for the slowdown after a blogger's tests revealed the secretive practice.

Apple has previously been rebuked by lawmakers, and faces a French probe and a slew of lawsuits that allege the company aimed to juice sales of newer models.

Apple shares fell 0.6 percent to close at $166.97 and are down 7 percent since Thursday. Wall Street is also worried about weak demand for its flagship iPhone X.

The Justice Department and SEC declined comment. Apple did not respond to a request for comment.


ShareShare FBShare TWShare WA

Most Popular