Jay Newman, a former senior portfolio manager at Elliott Management, wonders what will happen with Apple currently attempting to diversify production and assembly out of CCP-controlled China. Apple CEO Tim Cook Jay Newman for Financial Times: The world’s most valuable company makes great products, but it may turn out that the biggest driver of its share price has been the close relationship CEO Tim Cook has cultivated with China. Entente cordiale with the Chinese Communist party affords Apple a charmed existence when it comes to manufacturing and selling products in China. But scary data points keep popping up. Just in recent weeks, China has sanctioned Lockheed Martin and Raytheon; begun a probe of Micron; raided the due diligence firm Mintz…

Years later, Apple is still facing ramifications for its controversial decision to throttle older iPhones as their battery health degraded. As reported today by Reuters, Apple is currently battling a $2 billion lawsuit in the United Kingdom over this decision, arguing that the case is “baseless.” It’s seemingly the fight that Apple will never truly be able to end… more… The post Apple is still battling the fallout from iPhone’s Batterygate throttling controversy appeared first on 9to5Mac.

Apple on Tuesday urged a London tribunal to block a $2 billion class action lawsuit accusing the company of “throttling” millions of iPhones with software updates to conceal their “defective” batteries. Apple’s iPhone 6 Plus Sam Tobin for Reuters: The tech giant is facing a lawsuit worth up to 1.6 billion pounds plus interest, brought by consumer champion Justin Gutmann on behalf of iPhone users in the United Kingdom. Gutmann’s lawyers argued in court filings that Apple concealed issues with batteries in certain phone models and “surreptitiously” installed a power management tool which limited performance. Apple said in written arguments that the lawsuit is “baseless” and strongly denies its iPhones’ batteries were defective, apart from in a small number of…