'Mass Lawsuit Against Apple Over iPhone Batteries Can Go Ahead, London Tribunal Rules' - Devdisource
Portfolio Pulse from Benzinga Newsdesk
Apple Inc has lost a bid to block a mass lawsuit in London accusing it of hiding defective batteries in millions of iPhones by throttling them with software updates. The lawsuit was brought by consumer champion Justin Gutmann on behalf of iPhone users in the United Kingdom.
November 01, 2023 | 2:17 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Apple Inc is facing a mass lawsuit in London over alleged defective iPhone batteries, which could potentially harm the company's reputation and financial standing.
The lawsuit accuses Apple of hiding defective batteries in millions of iPhones, which could potentially lead to financial penalties and damage to the company's reputation. This could negatively impact Apple's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
The lawsuit against Apple Inc in the UK could potentially impact the iShares MSCI United Kingdom ETF (EWU), given the size and influence of Apple in the tech sector.
Given the size and influence of Apple in the tech sector, any negative news or legal issues concerning the company could potentially impact the performance of the iShares MSCI United Kingdom ETF (EWU), which includes tech stocks in its portfolio.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50