Reports: DOJ, SEC probe Apple for slowing older iPhones

    FILE - In this Monday, June 5, 2017, file photo, a person takes a photo of an Apple logo before an announcement of new products at the Apple Worldwide Developers Conference in San Jose, Calif. Apple’s next major update of its mobile software will include an option that will enable owners of older iPhones to turn off a feature that slows the device to prevent aging batteries from shutting down. The free upgrade will be released in spring 2018. (AP Photo/Marcio Jose Sanchez, File)

    SAN FRANCISCO (AP) - U.S. authorities are investigating Apple's slowing of older iPhones, according to published reports.

    The Wall Street Journal and Bloomberg reported Tuesday that the Department of Justice and the Securities and Exchange Commission are probing whether Apple violated securities laws. In December, Apple apologized for the slowdown after a blogger's tests revealed the secretive practice.

    Apple has previously been rebuked by lawmakers, and faces a French probe and a slew of lawsuits that allege the company aimed to juice sales of newer models.

    Apple shares fell 0.6 percent to close at $166.97 and are down 7 percent since Thursday. Wall Street is also worried about weak demand for its flagship iPhone X.

    The Justice Department and SEC declined comment. Apple did not respond to a request for comment.

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