HOW IS THAT FOR IRONY.
BACK TO YOU.
CHARLES: THAT IS IRONIC.
WHAT ABOUT A PLAY FOR AMAZON?
MAYBE WE'LL SEE THAT ONE DAY.
CONNELL, THANK YOU VERY MUCH.
>>> MEANWHILE WE'RE AWAITING A
DECISION WHETHER APPLE FACE AS
CLASS-ACTION LAWSUIT OVER
MANIPULATING SPEED OF OLDER
IPHONES AND HOW BIG OF A DEAL
THIS IS.
TO TWO ATTORNEYS.
DAVID, LET ME START WITH YOU
HERE, BIG UPROAR ABOUT THAT.
ENOUGH PEOPLE SAID IT HAPPENED,
WE KNOW THAT IT DID.
THE BIG QUESTION, WAS IT
DELIBERATE AND HOW LIABLE IS
APPLE GOING TO BE IF SO?
>> AT CLASS ACTION CASES ONLY
ONES THAT MAKE MONEY IS TRIAL
LAWYERS.
HOW MANY GOT NOTICES IN THE MAIL
WITH TWO POINT FONT OR CHECK FOR
A DOLLAR?
IT BECOME AS RIDICULOUS THIS IS
WAR BETWEEN TRIAL LAWYERS AND
BIG CORPORATIONS.
APPLE HAS ISSUES THEY ADMITTED
IN 2017 THEIR NEW ISOS WAS
SLOWING DOWN PHONES.
THEY FELT THEIR MARKET WAS WORTH
ONE THIS DOLLARS.
THE QUESTION BEGS WAS IT
DELIBERATE AND DID THEY KNOW
ABOUT IT?
IT PUT BRAND HURTING ON APPLE
WHICH IS THE DOMINANT FORCE IN
CELL PHONE INDUSTRY.
BARCLAYS SAID IT WILL COST THE
STOCK OR THE COMPANY AT LEAST
$10 MILLION.
BUT AT THE END OF THE DAY
CONSUMERS REALLY SHOULDN'T
EXPECT MUCH OTHER THAN APPLE
WILL BE A LITTLE MORE COGNIZANT
OF THE EFFECTS OF THEIR NEW IOS
IN THE FUTURE SLOWING DOWN, CELL
PHONES, HURTING THEIR CONSUMERS.
CHARLES: DEBRA, THERE IS NO
DOUBT A NEGATIVE OUTCOME FOR
THIS PROBABLY WOULD DO A LOT
MORE DAMAGE TO THE STOCK THAN
ANY SORT OF FINE OR PENALTY.
NEVERTHELESS THOUGH YOU DO
WONDER, YOU KNOW, A COMPANY AS
BIG AS APPLE, WHAT IS GOING ON
CURRENTLY WITH FACEBOOK AND
AMAZON, THIS IS NOT THE TIME TO
BE IN FRONT OF A JUDGE ABOUT
DELIBERATELY HARMING YOUR
CUSTOMERS?
>> I AGREE WITH WHAT DAVID WAS
SAYING.
AT THE END OF THE DAY, AS A
RESULT OF THE LAST LAWSUIT, THE
PEOPLE INVOLVED IN THE LAWSUIT
GOT ABOUT $15 EACH.
THIS IS A QUESTION OF
TRANSPARENCY.
DID APPLE WARN ITS CUSTOMERS IN
THE DISCLAIMER THAT THEIR PHONE
WOULD BE, SLOWED DOWN?
DID THEY SAY, YOU KNOW, IS THIS
MASKING A DEFECT?
WAS IT DONE SECRETLY?
THOSE ARE THE QUESTIONS I THINK
WILL BE AT THE FOCUS OF THE
LAWSUIT.
TODAY IN ATLANTA MEMBERS OF
THESE LAWSUITS ARE MEETING TO
DETERMINE WHICH STATE IS GOING
TO TAKE THE LEAD AND WHICH
LAWYER IS GOING TO TAKE THE
LEAD.
APPLE ITSELF MIGHT BE IN TROUBLE
WITH THE SEC AND THE JUSTICE
DEPARTMENT AND THAT COULD BE AN
EVEN BIGGER ISSUE.
CHARLES: YOU KNOW, DAVID, OF
COURSE IN THE MEANTIME TIM COOK
TAKING THE SORT OF HIGH ROAD IN
THE MIDST OF THIS FACEBOOK
FIASCO SAYING THEY COULD
CERTAINLY LEVERAGE THEIR USER
DATA.
THEY COULD MAKE A LOT OF MONEY
BY EXPLOITING THAT AND THEY
HAVEN'T.
ARE THOSE DELIBERATE ALSO TO
COUNTER THESE SORT OF CLAIMS AND
OTHERS?
BECAUSE CUSTOMERS HAVE BEEN
FRUSTRATED WITH APPLE FOR A LONG
TIME?
>> THAT IS LIKE SAYING WE DIDN'T
DO A LOT OF BAD THINGS, WE ONLY
DID ONE BAD THING.
THAT DOESN'T BODE VERY WELL WHEN
YOU'RE SUPPOSED TO ACT ETHICALLY
AS A BIG MULTINATIONAL
CORPORATION.
I THINK APPLE DID THE RIGHT
THING BY OFFERING A NEW BATTERY
FOR A LOWER PRICE BUT IT STILL
BEGS THE QUESTION, TO CONSUMERS
WHEN THEY'RE GOING TO BUY AN
APPLE, NOT EVERY CONSUMER A
CONSUMER BUY AS NEW PHONE EVERY
SINGLE YEAR.
CHARLES: SURE.
>> SOME PEOPLE, OLDER PEOPLE
MIGHT LIKE TO KEEP IT TWO OR
THREE YEARS.
MAYBE THEY WILL GET A GOOGLE
PHONE OR ANOTHER KIND OF PHONE
BECAUSE THEY KNOW DOWN THE ROAD
THIS PHONE WON'T SLOW DOWN WHEN
THE NEW PHONE EVERY YEAR COMES
OUT.
CHARLES: YEAH.
>> SO IT'S REALLY A QUESTION OF
ETHICS OF THE CORPORATION AND
DOING THE RIGHT THING IS
EXPECTED, NOT, YOU KNOW, WE DID,
ONLY ONE WRONG THING AND WE
COULD HAVE DONE A LOT WORSE.
CHARLES: DEBRA, THAT GETS BACK
TO YOUR POINT THERE COULD BE
OTHER BIGGER WOES FOR APPLE