Apple's Strong-Arm Tactics Hurt Consumers

Apple's Strong-Arm Tactics Hurt Consumers
AP Photo/Mark Lennihan, File

The iPhone 8 is scheduled to be released later this year, a date not yet announced but breathlessly anticipated by every stripe of gadget-geek and tech aficionado across the planet. Somewhere, there is probably even a line already forming to buy it.

With more than 700 million iPhones currently in use around the world, it's no secret that the loyalty among Apple's fans is the stuff of dreams for every marketing department across the globe. Projected sales of the new phone have analysts speculating that Apple will become the world's first trillion dollar company. Currently their valuation sits at a meager $820 billion, or about 38% above the entire GDP of Chicago, America's 3rd largest city.

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