News Update: Apple Inc.'s Reaction to Phone Jailbreak Decision (AAPL)

The Library of Congress's Copyright Office ruled Monday that phones can now be legally jailbroken by users and that jailbreaking is "innocuous at worst and beneficial at best," reports PCMag.com.

The ruling will affect smartphones including Apple Inc's (NASDAQ:AAPL) iPhone line.

Apple officials released a statement to Cult of Mac saying: "Apple's goal has always been to [ensure] that our customers have a great experience with their iPhone and we know that jailbreaking can severely degrade the experience.

"As we've said before, the vast majority of customers do not jailbreak their iPhones as this can violate the warranty and can cause the iPhone to become unstable and not work reliably."

The company's online support page outlines further concerns Apple has with jailbreaking iPhones and company officials wrote, "It is also important to note that unauthorized modification of the iOS is a violation of the iPhone end-user license agreement. Because of this, Apple may deny service for an iPhone, iPad, or iPod touch that has installed any unauthorized software."

SmarTrend currently has Apple in a Downtrend.

Since 2008, SmarTrend subscribers trading Apple using our alerts outperformed the stock by 33%.

We are monitoring these developments and will alert subscribers to any change in trend.

Apple should find initial support at its 50-day moving average (MA) of $255.88 and further support at its 200-day MA of $224.59.

In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.79%.

Shares of the company are trading up 1.76% Tuesday afternoon at $263.85.

Category:

News & Politics

Tags:

• Shares
• Stocks
• Market
• Comtex
• SmarTrend
• Apple
• Iphone
• AAPL
• Jailbreak
• The
• Library
• of
• Congress's
• Copyright
• Office
• ruiling
• pcmag.com
• smartphone

[BlAcKoPsK1nG3]

sheeees hoooooot

[13564871]

ijailbreck

[dsurman]

Apple is pretty erogant to say they may deny use of the Apple store to jailbreakers. They are control freaks. If I jailbreak my phone, it's my problem if the service is degraded. My experience has been a jailbroken phone only enhances the usefullness of the iphone. After having a jailbroken phone, having one that isn't makes the phone seem pretty lame.

[GrlzRg00d2]

@surfjacobson1 I totally agree. Its like they make you pay for it but in a sense its still 50% theirs because you cant mod it or they will deny you service? What a world we live in.

[surfjacobson1]

So glad they ruled the "OK" on the issue. Once we buy the product, it belongs to the buyer regardless of patents. The whole issue WAS ridiculous.