Apple says it has 'always looked out for kids' after criticism

Apple says it has 'always looked out for kids' after criticism

Two big shareholders of Apple stock - a hedge fund and the California State Teachers' Retirement System - hope to use their weight to convince Apple it can be a solution to this big problem of smartphone addiction.

The letter said that Apple should take notice of their devices leading to growing public health crisis of smartphone addiction in young people. The company recently published its 10th annual Environmental Responsibility Report, a project it started to move toward renewable energy and efficiency in its huge manufacturing processes, to "conserve precious resources so we all can thrive" and to "pioneer the use of safer materials in our products and processes", according to this latest report.

Give parents more ways to restrict children's access to their smartphones. "We take this responsibility very seriously and we are committed to meeting and exceeding our customers' expectations, especially when it comes to protecting kids".

"Apple has always looked out for kids, and we work hard to create powerful products that inspire, entertain, and educate children while also helping parents protect them online", Apple said.

The investor letter cited studies that found an increased risk of depression and suicide, sleep deprivation and a lack of ability to focus in the classroom because of electronic devices. Therefore, the two groups requested the company conduct research themselves the effects of heavy use on youth mental health.

But that and similarly designed research can not rule out that already troubled teens may be more likely than others to be frequent users of smartphones and social media. And Apple, certainly one of the leaders in smartphone technology - and marketing - has shown it's open to new ideas. Facebook has said social media can be beneficial if used appropriately.

Even tech insiders have joined the criticism of social media and its addictive potential. And he said: "God only knows what it's doing to our children's brains".

Apple Inc.is the largest holding in CalSTRS' domestic equities portfolio worth close to $1.9 billion (as of December 31, 2017).

The California State Teachers Retirement System, or CalSTRS, is a retirement fund that invests more than $US200 billion on behalf of state-employed teachers. They see progress on this front by Apple as good for children's health and for the bottom line.

Related Articles

  • Decidirse por México no fue fácil: Jonathan González

    Decidirse por México no fue fácil: Jonathan González

    Las reglas de la FIFA permiten que un futbolista cambie de selección una sola vez si no ha jugado para un equipo nacional mayor en algún partido.

    Analysts See $2.77 EPS for O'Reilly Automotive, Inc. (ORLY)

    It is positive, as 40 investors sold MSFT shares while 952 reduced holdings. 54 funds opened positions while 143 raised stakes. Also, SVP Randy Johnson sold 1,040 shares of the firm's stock in a transaction that occurred on Wednesday, November 1st.

    Twin Capital Management Inc. Lowers Stake in Raytheon Company (RTN)

    Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 0.22% of its portfolio in Raytheon Company (NYSE:RTN) for 29,387 shares. Finally, Renaissance Investment Group LLC increased its position in shares of Raytheon by 1.0% during the fourth quarter.
  • James Franco Responds to Sexual Harassment Allegations, Say They're 'Not Accurate'

    James Franco Responds to Sexual Harassment Allegations, Say They're 'Not Accurate'

    She said she was asked to do full nudity, adding , "I one hundred percent did not feel like I had a choice to say no". And "given the controversy surrounding recent allegations, we're no longer comfortable proceeding in that vein".
    First joint Intel and AMD chip revealed

    First joint Intel and AMD chip revealed

    Intel has unveiled the 8th-generation Kaby Lake-G CPU , the result of the company's unprecedented collaboration with rival AMD . It will be joined by the non-overclockable Core i7-8709G which has the same base clock but a slightly lower 4.1GHz boost clock.

    Which insiders are buying Vipshop Holdings Limited (VIPS)?

    Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 74.73, and a price to sales ratio of 1.54. Deutsche Bank AG raised VIPSHOP HOLDNGS from a "hold" rating to a "buy" rating in a research note on Thursday, November 10th.
  • Priyanka Chopra's Quantico Season 3 to arrive on April 26

    Priyanka Chopra's Quantico Season 3 to arrive on April 26

    Her character Alex was widely appreciated by western audience and critics and now she is busy with her many worldwide projects. Though her debut, Baywatch , could not do well at the box office, Priyanka's look and performance were admired thoroughly.
    A Closer Look At LG's ThinQ AI-Powered Products - CES 2018

    A Closer Look At LG's ThinQ AI-Powered Products - CES 2018

    As per the W8, the C8 and E8 are powered with a new α9 processor that enables all those smart functions. The big difference is form, with the E8 offering an evolution of LG's picture-on-glass design.
    Nike unveils Team USA's podium outfits for Olympics

    Nike unveils Team USA's podium outfits for Olympics

    In skeleton, Britain has a proud tradition of winning a medal at every Winter Olympics since the sport was reintroduced in 2002. Four British medals were won at the Sochi 2014 Olympics to match their previous record set 90 years before in Chamonix.
  • Guardiola credits Bristol City: "They came here to play"

    Guardiola has spent the last few weeks moaning about the fixture schedule and number of games his stars have been forced to play . The Belgium worldwide has been directly involved in nine goals for City in the tournament in just eight appearances.

    Sabre Corp (NASDAQ:SABR) Institutional Investor Sentiment Analysis

    BLACKROCK INC. owned 9.65% of Sabre Corporation ( SABR ) worth $276.51 million at the end of the most recent reporting period. The stock of American Tower Corporation (NYSE:REIT) has "Overweight" rating given on Thursday, August 24 by Morgan Stanley.
    Leicester City's Ahmed Musa could remain in England

    Leicester City's Ahmed Musa could remain in England

    Leicester City's Ahmed Musa is likely to remain in England, according to his agent, Tony Harris. Musa arrived from CSKA Moscow in the summer of 2016 for a then-record fee of £16.6 million.