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.
The NASDAQ’s Executive Vice President of Corporate Platforms breaks down why you’ll probably see a lot of companies going public in September and December.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
