Investors say Apple should address youth phone addiction

DECCAN CHRONICLE / REUTERS
Published Jan 8, 2018, 1:25 pm IST
Updated Jan 8, 2018, 1:25 pm IST
Half of teenagers in the US feel like they are addicted to their mobile phones and feel the pressure to respond to phone messages.
Investors have asked Apple to study the impact of excessive phone use on mental health. (Reprersentational image. Source: Pixabay)
 Investors have asked Apple to study the impact of excessive phone use on mental health. (Reprersentational image. Source: Pixabay)

Jana Partners and the California State Teachers’ Retirement System, Apple Inc's shareholders are urging the smartphone maker to address the growing problem of  addiction of the youth to iPhones.

According to a report by Reuters, Jana and CalSTRS, one of the public pension plans, who together control about $2 billion worth of Apple shares, has recently delivered a letter to Apple on January 6, which asks the company to consider developing software that would allow parents to control and regulate their childrens phone use. They have also asked Apple to study the impact of excessive phone use on mental health. The investors are reportedly worried that Apple’s reputation and  the stock could be hurt if it does not address those concerns.

 

This comes after the issue of phone addiction among young people has been on the rise in the United States as parents report their children cannot give up their phones.





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