Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Apple Inc.
  6. News
  7. Summary
    AAPL   US0378331005

APPLE INC.

(AAPL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Apple Insists EU Push for Universal Charger Would Repress Innovation, Create Waste -- Update

09/23/2021 | 11:46pm EDT

Updates with Apple comment

By Mauro Orru and Joshua Kirby

Apple Inc. hit back at European Union moves to introduce a universal charger for smartphones, tablets and other electronic devices, saying such legislation would be anti-innovation and would serve to increase waste.

The European Commission, the bloc's executive arm, said Thursday that it is proposing USB-C as the standard port for smartphones, tablets, headphones, portable speakers, cameras, and some videogame consoles, regardless of the device brand. The move aims to cut waste related to the production and disposal of chargers.

It is also proposing to unbundle the sale of chargers from the sale of electronic devices to limit the number of unwanted chargers for consumers. This will reduce the amount of electronic waste by nearly a thousand metric tons a year, the commission said.

But U.S. electronic-goods giant Apple said late Thursday that legislation would disrupt the existing system, stifle innovation, inconvenience users and create more waste if existing chargers weren't allowed to be sold.

"Some of the most innovative thinking at Apple goes toward building products with recycled and renewable materials," the company said. "We share the EC's commitment to protecting the environment and are already carbon-neutral for all of our corporate emissions worldwide, and by 2030 every single Apple device and its usage will be carbon neutral."

Apple added that a proposed transition period of only two years would be a major concern for the industry. The company said it is working with the commission to better understand the details of the proposal, and would work to find a solution that protects both consumer interest and industry innovation.

The push for a universal charger in the EU's 27 member states isn't new. The commission has supported a common charging solution for mobile phones and other electronic devices since 2009, and has worked with the industry to bring down the number of charger types to three from 30.

Different leads and chargers have long plagued the industry and made life difficult for consumers, who had to chuck out perfectly good chargers when upgrading phones or changing brands, generating more electronic waste.

"European consumers were frustrated long enough about incompatible chargers piling up in their drawers. We gave industry plenty of time to come up with their own solutions, now time is ripe for legislative action for a common charger," said Margrethe Vestager, the bloc's digital-policy and antitrust czar.

The commission said that about 420 million mobile phones and other portable electronic devices were sold in the bloc last year, with the average consumer owning around three mobile-phone chargers. It estimates that unused chargers or disposed ones generate up to 11,000 tons of electronic waste every year.

Thursday's proposal will now need to be adopted by the European Parliament and the European Council. When and if the proposal is adopted, a two-year transition period from the date of adoption will kick in to give industry time to adapt.

Write to Mauro Orru at mauro.orru@wsj.com, and to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

09-24-21 0146ET

All news about APPLE INC.
12:49pTESLA : breaches $1 trillion market cap
RE
12:48pMARK FIELDS : Tesla drives over $1 trillion as investors bet the EV future is now
RE
12:43pAMAZON COM : Expected to Report Q3 Results Above High End of Outlook, Wedbush Analysts Say
MT
11:52aFacebook ad revenue seen feeling brunt of Apple privacy changes
RE
10:21aWALL STREET STOCK EXCHANGE : 84% of Q3 earnings reports exceed expectations
09:20aWall Street Sees Cautiously Higher Open Ahead of Busy Week for Tech Earnings; FB Earnin..
MT
08:35aUS Futures Edge Higher Ahead of Busy Week for Tech Earnings; FB Earnings Eyed
MT
06:57aAPPLE : once threatened Facebook ban over Mideast maid abuse
AQ
06:35aWorld stocks hold near 6-week highs in big earnings week
RE
06:19aNORTH AMERICAN MORNING BRIEFING : Stock Futures Creep Up Ahead of Tech Earnings
DJ
More news
Analyst Recommendations on APPLE INC.
More recommendations
Financials (USD)
Sales 2021 367 B - -
Net income 2021 93 942 M - -
Net cash 2021 76 159 M - -
P/E ratio 2021 26,6x
Yield 2021 0,58%
Capitalization 2 458 B 2 458 B -
EV / Sales 2021 6,50x
EV / Sales 2022 6,31x
Nbr of Employees 147 000
Free-Float 99,0%
Chart APPLE INC.
Duration : Period :
Apple Inc. Technical Analysis Chart | AAPL | US0378331005 | MarketScreener
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 43
Last Close Price 148,69 $
Average target price 166,31 $
Spread / Average Target 11,9%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
APPLE INC.12.06%2 457 870
XIAOMI CORPORATION-31.93%72 619
SHENZHEN TRANSSION HOLDINGS CO., LTD.-5.67%17 983
WINGTECH TECHNOLOGY CO.,LTD-1.01%14 359
FIH MOBILE LIMITED32.63%1 298
DORO AB (PUBL)40.69%184