Apology Could 'Fundamentally Change' Apple
But investors should be celebrating, according to one source
By Michael Harthorne,  Newser Staff
Posted Dec 29, 2017 12:16 PM CST
Apple apologized for slowing older iPhones, and the reactions are pouring in.   (AP Photo/Mark Lennihan, File)

(Newser) – When Apple apologized Thursday for deliberately—and secretly—slowing down older iPhones to make sure their batteries continue to function, it was an "extraordinary move," Business Insider reports. And that's not just because it was a rare apology from the company. Matt Weinberger writes that the apology "could fundamentally change a key piece of how Apple does business" by setting the company down a new road of "openness and transparency." Apple's decision to make it easier for iPhone users to know what's going on with their older phones and batteries could extend to other aspects of the company in the future. Here's what else you need to know:

  • Apology aside, there appear to be at least 15 separate lawsuits pending against Apple over its decision to slow old iPhones, 9to5Mac reports. In one of the lawsuits—which were filed in California, Chicago, New York, Israel, France, Korea, and Texas—a plaintiff is seeking a ridiculous $999 billion in compensation.

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