Apple says it loses money on device repairs annually

Apple 'loses money on phone repairs'
Photo Credit:

Apple loses cash on device repairs annually, the company disclosed this week. According to the company, the phone company is yet to turn a profit on repairing customer’s broken devices in the last 10 years.

The company revealed this in response to a House Judicial Committee probe, which is investigating if Apple engages in anticompetitive practices to defeat competition when it comes to repairs and 3rd-party applications.


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.