On Tuesday, Apple's stock fell 2.5 per cent to $170.57 after Taiwan's Economic Daily and several analysts suggested iPhone X sales in the fiscal first quarter would be 30 million units, 20 million fewer than initially planned by the company.
Facing lawsuits and consumer outrage after it said it slowed older iPhones with flagging batteries, Apple Inc is slashing prices for battery replacements and will change its software to show users whether their phone battery is good. The Samsung Display arm is said to have delivered 137 million full-screen panels to both its smartphone division and third-party phone makers, accounting for nearly 60 percent of global shipments.
Following widespread criticism for reducing SoC frequency because of battery degradation, Apple announced plans to cut down the price of an out-of-warranty battery replacement for the iPhone 6 and newer models to $29 (from $79) throughout 2018. In a statement to The Verge, the company told that we thought that we would be needing more time to be ready but it's a pleasure to reveal that we are ready to offer the lower pricing right away to our customers. This confirmed a long-standing rumor that Apple had worked hard at denying over the years, but one single tweet from a 17-year-old iPhone owner brought the near-trillion-dollar profit company to a halt.
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APPLE has apologised for secretly slowing down older iPhone models, publishing a letter to customers in order to clear up the "misunderstanding". Is this enough for Apple to get out of the #BatteryGate scandal? We know that some of you feel Apple has let you down.
Apple also has fattened its portfolio of accessories and other devices, from its AirPods wireless headphones to a new Apple Watch with cellular data features. In a bid to remedy the battery situation, Apple offers owners of the iPhone 6, 6S, SE and 7 in the US to install a new battery for $29, starting today.
Furthermore, Apple is preparing another software update that will give users detailed information about battery health so that they themselves are aware of why Apple was forced to take such a step. The company's goal is to sacrifice revenue and hopefully recover via increased shipments of its products. As apple updates their operating system, slowing older iPhones is an apparent necessity to protect the phone from crashing randomly.