Apple's Warranty Updates, iPhone Support Duration, And More: This Week In Apple News
Portfolio Pulse from Benzinga Neuro
This week, Apple Inc. (NASDAQ:AAPL) made headlines with changes in warranty policies, iPhone support duration, and upcoming promotions. Additionally, Nvidia Corp. surpassed Apple in market capitalization.
June 09, 2024 | 11:00 am
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Apple has updated its warranty policies, no longer covering hairline cracks under standard warranty. The company also revealed a minimum five-year security update period for iPhones and is preparing for its Back to School promotion.
The warranty policy change could lead to increased repair costs for customers, potentially affecting customer satisfaction. The five-year support duration aligns with regulatory requirements, ensuring compliance. The Back to School promotion could boost sales in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nvidia Corp. has surpassed Apple in market capitalization, becoming the second most valuable company in the world.
Nvidia's rise in market cap reflects strong investor confidence and growth prospects, particularly in AI and server sales. This development could positively impact Nvidia's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50