Two big Apple shareholders have asked the company to help curtail phone addiction among children. The investors are concerned that the iPhone’s entrancing qualities are fostering a public health crisis, which could be negative for kids and the company as well.
Apple investors concerned over excessive iPhone use
In a letter (shared online), Apple Inc. (NASDASQ:AAPL) investors Jana Partners and the California State Teachers’ Retirement System (CalSTRS), said there is evidence that the smartphone habit could impact the health of youth.
“There is a growing body of evidence that, for at least some of the most frequent young users, this may be having unintentional negative consequences,” the letter read. The “growing societal unease … at some point is likely to impact even Apple.”
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