5 Companies That Had A Rough Week


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Apple Reportedly Under Investigation By Federal Agencies Over iPhone Throttling

The controversy over Apple's performance throttling on older iPhones isn't going away. This week published reports said that two U.S. federal government agencies, the Department of Justice and the Securities and Exchange Commission, are investigating whether Apple broke any securities laws in its handling of the performance throttling issue.

Last month Apple CEO Tim Cook acknowledged that his company lacked transparency when communicating about a performance-reducing update to iOS. The measures were intended to slow the operations of older iPhone models to reduce the impact on rechargeable batteries.

Apple came under fire from consumers when the company's actions came to light in December.

The DOJ and SEC have reportedly asked Apple to provide information about its actions surrounding the issue.



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