01 February, 2018
The reply came as comment regarding a Bloomberg report that the US Department of Justice and the Securities and Exchange Commission are investigating whether Apple broke the law by failing to disclose a software update that made older iPhone models function slower.
In the fourth-quarter of 2017, Apple reported iPhone revenues of $28.846 billion, which marked merely 2.4% year-over-year growth. Apple said its update was meant to circumvent the reboots. The reasoning by Apple could not convince the annoyed users, who said that by slowing the iPhone, Apple was compelling users to upgrade to newer iPhones.
Apple said that low sales of the flagship model during the festive period at the end of previous year on the main markets (Europe, China, and the US) became the main reason that made the company revise the strategy. The company's revenue was up 12.2% compared to the same quarter last year. research analysts predict that Apple Inc. will post 11.17 earnings per share for the current year.
So essentially, the slowing down of batteries isn't to push customers into thinking that they need new handsets, but rather to smooth out issues concerning older batteries.
Trump administration mulls nationalizing 5G network, citing Chinese threat
The US government could build its own super-fast 5G network in a bid to counter security threats from China and other countries. For example, the company built two data centers in Zimbabwe after the country got a $98m loan from China Export-Import Bank.
"We have received questions from some government agencies and we are responding to them", Apple spokeswoman Trudy Muller said in a statement. These are the actions taken to assist our clients further and help prolong the lifespan of the iPhones. These features will be included in a developer release next month and a user release this Spring. "Our goal has always been to create products that our customers love". We're not sure how many users have been inconvenienced by the lack of Face ID approval so far, but either way it does seem unusual that Apple did not include it in the first place.
An interim update, 11.3, will provide a way for users to check the health of their device's battery and choose whether or not to enable the throttling. If you are accessing this report on another website, it was copied illegally and reposted in violation of USA & worldwide trademark & copyright legislation.
Apple said batteries for other eligible iPhones were anticipated to be available "without extended delays" in most countries.
Our latest consensus estimates show that analysts expect Apple to report total iPhone unit sales of 79.791 million, which would represent a 1.9% gain from the 78.290 million witnessed in the year-ago quarter.
