Stock market regulators are examining Apple’s failure to disclose the slowing of older iPhones, US media reports. Several lawsuits are pending after the firm admitted it intentionally reduced the speed of some devices. US prosecutors and the country’s stock market regulator are examining Apple’s admitted practise of purposefully slowing down older iPhones to extend battery life, the Wall Street Journal and Bloomberg reported on Tuesday. The US Department of Justice and Securities and Exchange Commission are investigating whether the smartphone maker violated financial services laws, the two publications said. Forced to apologizeIn December, Apple apologized for the slowdown after a blogger’s tests revealed the secretive practice, which happened when older phones automatically received a software update in early 2017.

Source: Egypt Independent January 31, 2018 07:52 UTC