The new iPhone X is pictured at the Apple Store Marche Saint-Germain in Paris, France, November 3, 2017. REUTERS/Benoit Tessier
NEW YORK: Apple Inc investors are shrugging off concerns raised by two shareholders about kids getting hooked on iPhones, saying that for now a little addiction might not be a bad thing for profits.
Hedge fund JANA Partners LLC and the California State Teachers' Retirement System (CalSTRS) pension fund said on Saturday that iPhone overuse could be hurting children's developing brains, an issue that may harm the company's long-term market value.
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