Apple Device Repairs Might Soon Get Cheaper And Easier: Oregon's Historic Right-To-Repair Law To Ban Parts Pairing
Portfolio Pulse from Ananya Gairola
Oregon has passed a right-to-repair bill, SB 1596, that prohibits parts pairing in repairs, directly impacting Apple Inc. (NASDAQ:AAPL). This law, signed by Governor Tina Kotek, aims to facilitate consumer and third-party repairs by mandating companies to provide the same parts, tools, and repair documents to owners as to repair shops without extra charges. The bill, which does not apply to phones sold before July 1, 2021, but covers other consumer electronics sold after July 1, 2015, is seen as a significant move against electronic waste and restrictive repair practices.
March 28, 2024 | 6:08 am
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Oregon's right-to-repair law, SB 1596, directly impacts Apple Inc. by prohibiting parts pairing in repairs, a practice Apple has used to ensure the use of genuine parts and enhance device security. This law could lead to cheaper and easier repairs for consumers and third-party repair shops, potentially affecting Apple's repair service revenue.
The prohibition of parts pairing in repairs by Oregon's SB 1596 law directly challenges Apple's repair practices, potentially leading to reduced revenue from Apple's repair services. This law empowers consumers and third-party repair shops, making repairs cheaper and easier, which could decrease the demand for Apple's own repair services. Given Apple's previous opposition to similar legislation, this development is likely to have a negative short-term impact on Apple's stock price due to potential revenue implications and the precedent it sets for other states.
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