Apple Stock News: Apple Is Offering $29 Battery Replacement After Slowing Down Oldest IPhones

Apple Stock News

After facing a few lawsuits for slowing down oldest versions of iPhones, Apple is offering cheaper battery replacements for a year. The price of batteries for the affected iPhones was reduced from $79 to $29.

Moreover, Apple also published a letter of apologize for their customers. According to this letter, everything was a misunderstanding. On the message, Apple stated that it never had the intention to shorten the life of any Apple product, or degrade the user experience to drive customer upgrades.

Furthermore, Apple will issue an iOS software update in early 2018 with new features that give users more visibility into the health of their iPhone’s battery.

The $50 discount on battery replacements is already available for iPhone 6, iPhone 6 Plus, iPhone 6s, iPhone 6s Plus, iPhone 7, iPhone 7 Plus and iPhone SE.

On September 8th, 2017, I Know First sent to subscribers a bullish forecast for AAPL. Since then, Apple Stock increased 4.94% in accordance with the forecast.

Current I Know First subscribers received this AAPL forecast on September 8th, 2017

For the latest Apple Stock News, AAPL closed at $169.23 per share on December 29th, 2017. It generated losses of 1.08% from its previous close on December 28th, 2017, when it closed at $171.08 per share.

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Apple Stock News: Manufacturing iPhone SE in India

Apple Stock News

For the latest Apple Stock News, AAPL closed at $150.25 on Wednesday, May 17th, 2017. It had a loss of 3.36% from its previous close of $155.47 per share.

Apple Stock News

Apple has begun releasing its shipments of iPhone SE manufactured in Bengaluru, India. Bengaluru is the leading exporter of information technology in the country. Hence, some refer to it as the “Silicon Valley” of India. As an emerging market with the second largest population, Apple sees potential. Furthermore, such a market could expose Apple to higher growth in phone sales. Apple aims to become the leading market share holder of smartphones sold in India. Apple may have a lower import tax given the phone’s manufacturing location and its proximity to the Indian market. Currently, Samsung has a 28.1% stake in the market.

The iPhone SE is a compact version of the iPhone. The phone contain features of the iPhone at a much affordable price. Given the competition of smartphones in India is intense, this phone is viewed as a potential popular sell for this market.

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