Apple Inc. is pushing back plans for several software feature enhancements on the iPhone as it focuses on improving “performance and quality issues,” according to a report from Axios on Tuesday. The story said that Apple will delay making improvements to areas such as the mail app, photo-editing software, and the home screen until 2019. The company will still move forward with plans to enhance augmented-reality features and add new parental-control options, Axios said, noting that Apple’s software chief Craig Federighi announced the new priorities to employees during a meeting in early January. Apple has come under pressure over the last few weeks after the company said in response to consumer complaints that it intentionally slowed down older iPhone batteries. Shares of Apple are down 1.4% in premarket trading. The stock is up 38% over the past 12 months, compared with a 32% gain for the Dow Jones Industrial Average .
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News