Apple's Weekend Roundup: Class Action Settlement, New Anti-Theft Feature And More
Portfolio Pulse from Benzinga Neuro
Apple Inc. (AAPL) had a notable week with several developments. The company settled a class-action lawsuit related to Family Sharing for $25 million and delayed two iOS 17 features to 2024. Apple introduced a new anti-theft feature, 'Stolen Device Protection,' for iPhones and tightened user data privacy, requiring a court order for push notification data. Additionally, Apple launched a standalone USB-C charging case for the second-generation AirPods Pro. Alphabet Inc. (GOOG, GOOGL) was also mentioned in the context of providing notification data to governments.
December 17, 2023 | 2:00 pm
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NEUTRAL IMPACT
Apple settled a lawsuit, delayed iOS 17 features, introduced a new security feature, and launched a USB-C AirPods Pro case. They also tightened data privacy policies.
The settlement of the lawsuit removes a legal uncertainty, which is positive, but the delay in iOS 17 features could disappoint some users. The new anti-theft feature and privacy policy could enhance brand loyalty and trust, while the new AirPods Pro case could generate additional revenue. Overall, mixed impacts are likely to neutralize each other in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
Alphabet Inc. was mentioned for providing notification data to governments, which Apple is now restricting without a court order.
The mention of Alphabet in the context of providing data to governments could raise privacy concerns among users and investors. While the article does not focus on Alphabet's response, the comparison with Apple's tightening of data privacy could have a negative short-term impact on investor sentiment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50