Apple Throws Weight Behind California's 'Right To Repair' Bill After Years-Long Resistance
Portfolio Pulse from Ananya Gairola
Apple Inc. has expressed support for California's 'Right to Repair' bill, a significant shift from its previous stance. The bill mandates manufacturers to provide parts, tools, and documentation for their products for up to seven years. This move aligns with Apple's 2022 Self-Service Repair program, which provides users and third-party repair shops with essential repair materials.
August 24, 2023 | 5:23 am
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Apple's support for the 'Right to Repair' bill could potentially reduce costs for consumers and increase competition in the repair market. This move aligns with their Self-Service Repair program.
Apple's support for the 'Right to Repair' bill is a significant shift in their policy. This could potentially reduce repair costs for consumers and increase competition in the repair market. However, the impact on Apple's stock price is uncertain as it could also lead to reduced sales of new devices.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100