--France's consumer fraud watchdog has opened a preliminary investigation of Apple over alleged deception and planned obsolescence of its products following a complaint from a consumer organization, Reuters reported Monday citing a judicial source.

--The investigation was opened on Friday and will be led by the DGCCRF, part of the Economy Ministry, the source said, reports Reuters.

--Companies that deliberately shorten the life of their products to spur demand to replace them risk fines of up to 5 percent of their annual sales under French law, according to Reuters.

--Apple said last month that it "takes some measures to reduce power demands" in older iPhone models which can affect processor performance, Reuters reports.

Full story: http://reut.rs/2mg3L6o

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(END) Dow Jones Newswires

January 09, 2018 04:22 ET (09:22 GMT)

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