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FB   165.95 (+5.84%)
MSFT   160.23 (+7.03%)
GOOGL   1,146.31 (+3.25%)
AMZN   1,963.95 (+3.36%)
CGC   14.46 (-0.89%)
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QQQ   192.04 (+3.64%)
AAPL   254.81 (+2.85%)
FB   165.95 (+5.84%)
MSFT   160.23 (+7.03%)
GOOGL   1,146.31 (+3.25%)
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Apple sanctions phone-repair shops for iPhone fixes

Posted on Thursday, August 29th, 2019 By The Associated Press

NEW YORK (AP) — There may soon be more places to get an Apple-sanctioned fix for a cracked iPhone screen.

Apple said Thursday that it will sell tools and parts to independent phone-repair shops in the U.S. and later in other countries. Repairs at these shops, though, will be limited to products already out of warranty.

Customers with in-warranty repairs will still need to visit an Apple store or one of more than 5,000 authorized service providers worldwide, including all Best Buy stores in the U.S.

Though many unofficial repair shops have been offering basic fixes such as screen replacements, they aren't necessarily using Apple parts or qualified technicians, leading to variations in quality. Now, these shops will be able to buy parts directly from Apple, as long as they have an Apple-certified technician to make those repairs.

With iPhone sales on the wane and people hanging on to their phones longer, Apple is trying to ramp up its services business, with offerings such as music subscriptions. It plans to launch a video streaming service this year.

Companies Mentioned in This Article

CompanyCurrent PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Apple (AAPL)$254.81+2.9%1.21%20.13Buy$301.33

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