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Apple Offers Free iPhone 7 Repair Program for "No Service" Issues

04 February 2018

The California-based technology giant reported that profit climbed to $20 billion on revenue that increased 13 percent to $88.3 billion during the period.

"iPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped in November".

It seems odd, at first glance: Apple actually missed Wall Street targets on iPhone shipments over the crucial holiday quarter.

According a report in Business Korea, a few parts for the current topline iPhone model are "assessed to achieve zero in the second 50% of this current year".

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"Last year we released a feature for iPhone 6, iPhone 6s and iPhone SE to smooth out the instantaneous peaks only when needed to prevent the device from unexpectedly shutting down during these conditions". As a reminder, the iPhone X is Apple's most expensive smartphone to date, starting at a hefty $999.

The lawsuit also accuses apple of "trespass to chattels", a law that was expanded in the 1990s to prohibit interfering with someone else's computer networks without their permission.

Tim Cook, CEO of Apple, noted that Apple's major products, including the iPhone, Mac and iPad, all experienced improved results in China. A software update won't help this time. Sixty-five percent of those revenues came from worldwide sales, Apple said, noting that the record sales came despite the fact that the 2018 quarter was one week shorter than the same quarter in 2017. Apple has been trying very hard to increase market share in China, and in October a year ago the company finally breached 17% market share.

Cook responded that it was up to investors to decide what to focus on, but said he was comfortable with customers buying used iPhones.

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This is the fourth component replacement program that the company is offering for the iPhone since 2015. Apple's revenue was up 12.7% on a year-over-year basis. equities analysts forecast that Apple Inc. will post 11.14 earnings per share for the current fiscal year.

Get access to our daily newsletters, Best Stocks List, POWR Ratings, and much more! JFS Wealth Advisors LLC's holdings in Apple were worth $5,199,000 at the end of the most recent quarter.

He said the company, which has about $163 billion in cash net of debt on its balance sheet, plans to balance its cash and debt.

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Apple Offers Free iPhone 7 Repair Program for