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Investors want Apple to do more to fight kids' smartphone addiction

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Apple should do more to curb growing smartphone addiction among children, two major investors in the iPhone maker said Monday.

In an open letter to the technology giant, New York-based Jana Partners LLC and the California State Teachers’ Retirement System, highlighted increasing concern about the effects of gadgets and social media on youngsters.

"There is a developing consensus around the world including Silicon Valley that the potential long-term consequences of new technologies need to be factored in at the outset, and no company can outsource that responsibility,” the letter said.

The two investors collectively control $2 billion worth of Apple shares.

They urged Apple to offer more choices and tools to help children fight addiction to its devices — moves they said could benefit Apple and its shareholders in the future. Apple was not immediately available to comment on the letter.

The letter cited various studies and surveys on how the heavy usage of smartphones and social media negatively affects children’s mental and physical health. Examples include distractions by digital technologies in the classroom, a decreased ability of students to focus on educational tasks, and higher risks of suicide and depression.

Read More: https://www.usatoday.com/story/tech/2018/01/08/investors-urge-apple-do-more-combat-iphone-addiction-among-kids/1012149001/

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I might be considered an old man for saying this, but....Why the hell do children need smartphones? This looks more like a job for parents who need to learn to say no to their kids. Give them one of those flip phones if "contact" is your big issue.

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