Apple Admits to Slowing Phones and the End of Wearables?
A rare admission from Apple, as the tech giant admits to slowing down old phones to prevent battery burnout. The company says the software is meant to keep iPhone 6s and 7s from unexpectedly shutting down because the processor has burnt out. But skeptics wonder if the company is trying to force users to upgrade to newer, more expensive phones.
And a new report from eMarketer predicts usage of wearables will slow next year, with smartwatch user growth dropping to less than 6 percent by 2021.
Adam Turnquist, Chief Technical Strategist for LPL Financial, weighs in on the latest CPI data, what could get the Fed to lower borrowing costs, and the crypto rally.
Mark Hamrick, senior economic analyst at Bankrate, breaks down the current housing market and why he’s expecting affordability will get better as the year goes on.
