On March 1, Apple will start charging an extra $20 for battery replacements on out-of-warranty iPhones, according to an update on the AppleCare+ webpage.
The new price will be $99 for the iPhone 14, and while these models are currently under warranty, they won't be after the one-year anniversary of their release in September 2023.
At that point, the higher price point could encourage customers with broken batteries to simply buy a new phone rather than shell out nearly $100 for a replacement part.
Apple has adjusted prices multiple times in recent years, as supply chain issues have raised production costs. Just last month, labor unrest at an iPhone supplier in China led to a production shortfall. The company struggled with similar disruptions throughout the pandemic.
There is also a history of consumers pushing back against Apple's practices around batteries. The company in 2020 was forced to pay $113 million in fines to settle consumer fraud lawsuits around a controversy known as "batterygate," in which iPhone users discovered that Apple installed new software that made devices with older batteries operate slower.
In addition, CEO Tim Cook in 2019 wrote in a letter to investors that "some customers taking advantage of significantly reduced pricing for iPhone battery replacements" was partly behind a lower-than-expected iPhone sales.
Despite COVID-19, sports betting has skyrocketed. In January, Americans spent approximately $4 billion on sports wagering according to the American Gaming Association.
Founder and CEO of the investment app Grifin, Aaron Froug, talked to Cheddar about the viral success of its app for a simplified way to buy stocks where users already shop.
Child Benefit, Meghan and Harry Bombshells & Eminem vs. Gen Z
Gary Vaynerchuk, the outspoken CEO of creative agency VaynerMedia, checked in with Cheddar before the weekend to share his views on the biggest stories this week.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Semiconductors are essential in industries such as defense, automobiles, and telecom. Cheddar assembled a timeline of the chip shortage stretching back to the pre-Covid economy.
Paramount+ has debuted, supplanting CBS All Access. ViacomCBS CFO Naveen Chopra talked about the two-tiered subscription service, and Cheddar's Michelle Castillo broke down this latest rebranding amid the streaming wars.
Rezi uses AI to extract keywords from job descriptions, then writes an optimized résumé for you in flexible formats suitable for every experience level.
Thomas Edison’s most prolific invention is arguably not the lightbulb we all know him for, but the lab in Menlo Park New Jersey that he used to create it.
Mitch Jackson, chief sustainability officer for FedEx, spoke to Cheddar about the delivery giant's $2 billion plan to reach carbon neutrality by 2040.
Load More