Investors urge Apple to tackle smartphone addiction
Excessive phone usage, in particular on social media sites, has been linked to depression
Two Apple investors have urged the tech titan to address the problem of phone addiction among young people.
The Wall Street Journal (WSJ) reported that Jana Partners and the California State Teachers' Retirement System (CalSTRS) wrote a letter to Apple requesting that company should consider developing a software that would enable parents to limit the time children spent on their phones. Along with how excessive use can affect mental health.
Excessive phone usage, in particular on social media sites, has been linked to depression among young audiences, as experts say that such platforms can cause low self-esteem and depression.
The WSJ stated that combined Jana Partners and CalSTRS control $2bn worth of Apple shares, however if Apple fails to address their concerns the iPhone maker's reputation and stock could be damaged.
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— ITP.Net (@ITP_English) January 8, 2018