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Added on the 15/04/2020 10:48:49 - Copyright : BANG Showbiz
On Monday Italian regulators hit Apple with a 10 million euro ($12 million) fine. The fine is over claims Apple made about iPhones' water resistance. The regulator said Apple's claims about how deep and long its iPhones could go in water without sustaining damage were only true under laboratory conditions. The regulators also said Apple's warranty failed to help customers whose phones had been water-damaged. Business Insider reports that Apple claimed various iPhone models were water resistant from 3 and 13 feet for up to 30 minutes.
New research suggests that Warren Buffett's Apple investment might not payoff over the next decade. Dimensional Fund Advisors tracked the largest 10 US stocks at the start of each decade since 1930. Business Insider reports that DFA found that on average, they underperformed the market by 1.1% over the next five years and 1.5% over 10 years. Apple is the most valuable US stock with a $2-Trillion market capitalization. Buffett's Berkshire Hathaway counts Apple as the biggest holding in its equity portfolio. The investor's company has more than tripled its money on Apple in less than five years. The company might not gain significantly more for a long time.
Apple CEO Tim Cook has vowed to deliver "over 1 million" face masks to help protect healthcare workers during the coronavirus pandemic.
Director Rian Johnson has revealed that Apple allegedly only let's the good guys use their products in movies.
Director Rian Johnson has revealed that Apple allegedly only let's the good guys use their products in movies.
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