Market

Under pressure, Apple allows self-repairs to iPhones, Macs



A person uses an iPhone on Oct. 8, 2019 in New York. Apple is letting some iPhone users fix their own phones, a sharp turnaround for a company that has long guarded its software in a walled garden that only Apple-approved technicians can unlock. The company said Wednesday, Nov. 27, 2021, it will enable users of two of the newest iPhone models and later some Mac computers to get access to genuine Apple parts and tools to be able to repair them. (AP Photo/Jenny Kane, File)

CUPERTINO, Calif. (AP) — Apple is letting some iPhone users fix their own phones, a sharp turnaround for a company that has long prohibited anyone but company-approved technicians from fiddling with its proprietary parts and software.

The company said Wednesday that it will enable users of two of the newest iPhone models and eventually some Mac computers to get access to genuine Apple parts and tools for consumer repairs

The shift reflects a strengthening “right to repair” movement embraced by President Joe Biden and affecting everything from smartphones to cars and tractors. It’s a reaction to the infusion of software into more everyday products and the practices of manufacturers who have increasingly made those products difficult — and often expensive — to repair.

Apple is launching an online store for self-service repairs early next year that it says will have more than 200 individual parts and tools for making the most common repairs on the iPhone 12 or iPhone 13. It will initially be focused on do-it-yourself fixes to screens, batteries and displays, which Apple previously resisted and cited concerns about safety, such as faulty battery replacements that can damage a device.

7 Retail Stocks to Buy After Strong Quarterly Earnings

Earnings season follows a predictable pattern. Bank stocks report first; then big tech stocks weigh in. And now, late in earnings season, we hear from the retail sector. Investors were expecting strong numbers and, for the most part, retailers delivered.

However, for some retailers, this may become a “sell the news” event.

That’s because on August 16, before the big-name retailers reported, the U.S. Retail Sales Report showed a 1.1% decline in retail sales in July from June. So while retail sales for the last two quarters will be strong, investors are wondering if the sector is entering a period of slowing growth. Concern about the Delta variant perhaps bringing more restrictions to the retail sector adds to the concern.

However, sectors don’t move in lockstep. In every market, there are strong performers even in tough economic conditions. This was true during the pandemic. And it’s true in the recovery. Summer is traditionally a slower season overall for retail. The July numbers probably do not reflect all of the back-to-school purchases. And, of course, stores are already beginning to prepare for the holiday season.

View the “7 Retail Stocks to Buy After Strong Quarterly Earnings”.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

close