Apple (NASDAQ: AAPL) stock opened lower and is trading in red territory on Monday after a report surfaced that claimed iPhone XR failed to meet the battery life standards than advertised. According to the report, Apple has exaggerated about iPhone XR’s battery capacity while other devices manufacturers were underestimating their devices.
In addition, Apple has been facing iPhones selling issues as people started opting for other Google’s (NASDAQ: GOOGL) Android-based smartphones. The weakness in Apple’s flagship product pulled the overall revenues for the second quarter of 2019 down by 5%.
A report from consumer advocacy group Which? stated that their test labs have run a number of tests in nine iPhone XR devices for quality and have used new batteries and devices for the tests. The group found that iPhone XR only lasted up to 16 hours and 32 minutes of talk time instead of lasting up to 25 hours as advertised by Apple.
They found the tech giant overestimated its talk time by 31% on average and each of the nine devices performed worse than Apple’s claim. The batteries of Apple’s phone lasted between 18% and 51% longer than the Which? group’s results.
In addition, the group also ran tests on other manufacturers’ devices – HTC, Nokia, Samsung, and Sony. The devices from Nokia, Samsung, and Sony that was tested by the group outperformed their manufacturer’s claim with Sony standing out, while HTC fell below its claim by 5%.
Also read: Google AdSense suffers a global outage
Sony’s claim was 21% lower than the phone’s actual advertised talk time. The group considered Sony Xperia X5 for devices that understated by nearly nine hours. Xperia Z5 Compact, which was released in 2015, claimed 17 hours talk time while the group found the device to last 25 hours and 52 minutes.
Apart from this, speculations have been rife that Apple is intending to change its antenna technology this year for the upcoming iPhone model. If rumors turn true, then the modified-PI (MPI) antenna technology could replace the current LCP antenna. This could increase the costs by 10% to 20% but will likely improve the device performance. Investors expect Apple to leak out details about the upcoming iPhone in Apple’s Worldwide Developers Conference later this year.
Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a
PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the
With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,