Two Big Investors Ask Apple To Address Youth Phone Addiction

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Two Big Investors Ask Apple To Address Youth Phone Addiction
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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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