Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

Apple works to resolve iPhone 15 overheating issues tied to software bug and apps

EditorRachael Rajan
Published 10/02/2023, 04:48 PM
© Reuters.
AAPL
-

Apple Inc (NASDAQ:AAPL)., the Cupertino-based tech giant, has acknowledged that a software bug and issues with popular apps like Instagram and Uber (NYSE:UBER) have been causing its recently released iPhone 15 models to overheat. The news came to light on Saturday, following various complaints from users that the phones were uncomfortably hot to handle.

Apple stated it is working on an update for iOS17, the operating system powering the entire iPhone 15 lineup, aiming to alleviate the overheating issue and manage apps causing system overload. Earlier in the week, Meta-owned Instagram had adjusted its app to prevent it from excessively heating up the phone on the latest operating system. As for Uber and other apps such as the video game Asphalt 9, updates are still being rolled out.

The company has not yet provided a timeline for its own software patch release but assured that no security issues would prevent iPhone 15 owners from using their devices while awaiting the update. "We have identified a few conditions which can cause iPhone to run warmer than expected," Apple stated in response to media reports of overheating complaints appearing on online message boards.

Apple also clarified that the overheating problem in the new models was not related to changes in charging hardware. The company recently switched from its proprietary Lightning charging cable to a more widely used USB-C port, in compliance with European Union regulations.

While Apple remains confident that the overheating issue can be swiftly resolved through upcoming software updates, this problem has emerged at a challenging time for the company. Apple has reported three consecutive quarters of year-on-year declines in overall sales, partly due to a slowdown in iPhone sales. According to InvestingPro Data, the revenue growth for Apple in the last twelve months till the third quarter of 2023 was -0.93%. In the last three fiscal quarters, iPhone sales have fallen by a total of 4% compared to the previous year.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Apple has dismissed speculation linking the overheating issue with changes in housing materials for its new models. The company emphasized that the problem was not related to the new titanium casing used for the iPhone 15 models, as opposed to the stainless steel used on older smartphones.

However, it's important to note that despite these challenges, Apple has shown resilience. According to InvestingPro Tips, the company has raised its dividend for 11 consecutive years and has maintained dividend payments for 12 consecutive years. Moreover, Apple has been profitable over the last twelve months and the company's management has been aggressively buying back shares, reflecting their confidence in the company's future prospects. For more insights, visit InvestingPro that offers additional 15 tips about Apple.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.