Tech giant Apple (NASDAQ: AAPL) announced on Friday that it will release a software update for iPhone 12 users in France to address concerns raised by regulators, which led to the suspension of its sales due to radiation exposure limit violations.
This move was welcomed by the French government, which plans to swiftly test the update to potentially resume sales of the 2020 model. Belgium, previously concerned about health risks, also welcomed the update but will continue its review.
French Digital Affairs Minister Jean Noel Barrot welcomed the software update and commented, “The ANFR (French regulator) is preparing to quickly test this update,” and added that this update should result in bringing the iPhone 12 into compliance with European standards. Apple maintained that its iPhone complies with international standards but is addressing the French protocol.
Analysts remain cautiously optimistic about AAPL stock with a Moderate Buy consensus rating based on 22 Buys and eight Holds.
