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Apple faces questions from U.S. Senator, class-action lawsuits, and tax reveal

Published 01/10/2018, 11:50 AM
© Reuters.  Apple faces questions from U.S. Senator, class-action lawsuits, and tax reveal
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  • U.S. Senator John Thune (R-S.D.) wants Apple (NASDAQ:AAPL) to answer questions about its throttling of iPhones with older batteries.
  • The Senate Commerce Committee chairman sent a letter to Apple CEO Tim Cook that was viewed by The Wall Street Journal.
  • Sen. Thune wants to know how Apple tracked customer complaints about performance issues and whether the company could offer rebates for those who paid full price for a replacement battery before Apple’s apology and $29 battery offer.
  • More battery woes: Apple now faces 30 class-action lawsuits related to the throttling.
  • More taxes: FT reports that Apple paid an extra £136M UK tax bill after an audit by HM Revenue & Customs. Ireland was already ordered to collect €13B in back taxes from the tech giant.
  • The payment was found in Apple Europe accounts with the mention that “this payment of additional tax and interest reflects the company’s increased activity.”
  • Apple shares are down 0.64%.
  • Previously: Apple will transfer China cloud business to partner next month; Iovine not leaving Music (Jan. 10)
  • Now read: Apple: Unlikely To Spend Large War Chest


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