According to recent reports, Apple will no longer provide repair services for iPhones reported to be lost. Apple Stores and Authorized Service Providers have been notified that repairers will no longer service iPhones reported as missing through GSMA. The company now requires technicians to refuse repairs if they find a missing iPhone in the MobileGenius or GSX systems they use to service customers.
The GSMA Device Registry is a global database where users can report the loss of their device. Users can also report the device if it is stolen. For example, if someone reports their phone stolen to law enforcement, the authorities may flag the device through the GSMA. This can help identify lost phones.
This new Apple policy is designed to prevent its repairers from servicing unscrupulous or unidentified models. It also prohibits technicians from unlocking devices unless customers can provide proof of their purchase. In addition, Apple will also refuse to repair if users put their device in “Lost Mode” via Find My. As of now, there is no official confirmation from Apple regarding this report.
Apple stock price rises for 11 consecutive days – the longest streak since 2003
As of the close of trading today, Apple’s stock price rose 1.91% to $178.96, with a market value of $2,920.5 billion. The company has now erased all of its year-to-date losses. However, its stock is still 1.7% below its record close on Jan. 3, when Apple’s market value hit $3 trillion that day. The last time Apple’s shares rose for at least 11 straight sessions was in 2003 (12 straight). At the time, the company’s fastest-growing product was the iPod music player. The first iPhone didn’t hit the market until 2007.
The three major U.S. stock indexes closed broadly higher on Tuesday as investors became more optimistic about ceasefire talks between Russia and Ukraine.
Super technology stocks and Internet stocks have performed strongly recently, clearing the haze of the beginning of the year. Amazon regained its 2022 losses on Monday, as Alphabet Inc. It has also erased most of its losses this year. Investors tend to look at big tech stocks as solid growth bets amid an uncertain economy.
“It’s overdone and these big tech stocks have fallen to very attractive levels,” said David Katz, chief investment officer at Matrix Asset Advisors. “Apple is a very strong and dynamic growth company, and it remains in a strong position in terms of its valuation.”
As a measure of the company’s positive fundamentals, analysts have raised their earnings forecast for Apple by 7.2% this year. This is much faster than other stocks in the Faang sector. An earlier report claims that had cut production. However, this did not affect its stock price.