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.
Cryptocurrency exchange Seed CX has received two virtual currency licenses, better known as a BitLicenses, from the New York State Department of Financial Services.
President Donald Trump Thursday evening decided to share his negative opinions on cryptocurrencies and Facebook's plans for the Libra currency, drawing a backlash among blockchain proponents.
North Carolina is looking to bring to bring Virgin Hyperloop One technology to connect the Research Triangle of Raleigh, Durham, and Chapel Hill with high-speed transportation.
Volkswagen said it will invest a total of $2.6 billion in Argo AI, an autonomous vehicle technology firm that was founded just two years ago with a $1 billion backing from Ford.
To celebrate its 70th anniversary, MotorTrend took a look back at past car of the year winners to pick the ultimate. Ed Loh, editor-in-chief of MotorTrend, breaks down why the 2013 Tesla Model S came out on top.
These are the headlines you Need 2 Know for Friday, July 12, 2019.
French lawmakers voted to impose a 3 percent tax on revenues from digital services that reach French users that could leave U.S. tech giants like Facebook, Google, and Amazon facing a hefty new tax bill.
Getting discovered online is one of the fastest ways to success online. Yohell Collado, Lead Creative Designer at Heir Brands, joins Cheddar to share some industry secrets on how you can use Google to get your brand in front of more people.
These are the headlines you Need 2 Know for Thursday, July 11, 2019.
The NYSE had the busiest first half in 2019 in more than a decade, and traders will be watching closely over the next two quarters as another round of heavyweight tech company IPOs are expected.
