Two major Apple shareholders have taken the unusual step of warning the Cupertino company about the potential dangers of their most popular product.
In an open letter to Apple, published on Saturday, Barry Rosenstein and Anne Sheehan cited studies linking the use of iPhones and other devices to increased suicide rates among teens.
Writing on behalf of hedge fund Jana Partners and the California State Teachers’ Retirement System (CalSTRS)—who collectively own around $2 billion in Apple shares—the pair highlighted the need for more research into the impact of smartphone use among young people.
“More than 10 years after the iPhone’s release, it is a cliche to point out the ubiquity of Apple’s devices among children and teenagers, as well as the attendant growth in social media by this group,” the letter stated.
“What is less well known is that there is a growing body of evidence that, for at least some of the most frequent …
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