Found A Great Deal On A Looted iPhone? Don't Buy It, It Won't Work
Portfolio Pulse from Rounak Jain
An Apple store in Philadelphia was looted, with thieves taking away iPhones and other Apple products. Apple tracks these devices and remotely disables them, making it impossible for buyers of looted/stolen iPhones and other Apple devices to use them. Thieves may try to sell these devices at a deep discount to unsuspecting users.
September 27, 2023 | 1:05 pm
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NEUTRAL IMPACT
The looting of an Apple store and subsequent disabling of stolen devices could potentially impact Apple's reputation and customer trust. However, the company's proactive measures to disable stolen devices may also be seen positively.
While the looting incident could initially harm Apple's reputation, the company's ability to remotely disable stolen devices demonstrates its commitment to security and could potentially deter future thefts. This could have a neutral impact on the stock as the negative and positive aspects balance each other out.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100