Apple backs California right-to-repair bill in major policy shift
Apple CEO Tim Cook reacts to a customer carrying a Macintosh SE during the opening of the new Apple BKC store in Mumbai, India, on April 18, 2023.
Indranil Aditya | Bloomberg | Getty Images
Apple is now backing a California right-to-repair bill, a major shift in the company’s attitude toward the movement and a potential boon for the environment, according to a letter obtained by CNBC.
California Senate Bill 244 would require manufacturers such as Apple to allow customers to fix their broken or damaged devices. It was introduced by state Sen. Susan Talamantes Eggman in March. Eggman has put forward other right-to-repair bills in the past, saying that expanded right-to-repair legislation would “give consumers the choice to save some money.”
In a Tuesday letter to Eggman’s staff, Apple’s policy team concurred but said the company would not support the bill if it allowed repair shops to turn off Apple’s anti-theft remote locks, which often make it impossible to repair or activate old computers that have been sold.
“We support SB 244 because it includes requirements that protect individual users’ safety and security, as well as product manufacturers’ intellectual property. We will continue to support the bill, so long as it continues to provide protections for customers and innovators,” the company’s lobbyists wrote in the letter seen by CNBC.
Apple also said that it would continue to support the bill as long as repair shops were required to disclose “the use of non-genuine or used parts.”
TechCrunch and do-it-yourself repair-guide company iFixit were first to report on the letter.
“Apple’s support for California’s Right to Repair Act demonstrates the power of the movement that has been building for years and the ability for industries to partner with us to make good policy to benefit the people of California. I’m grateful for their engagement on this issue and for leading among their peers when it comes to supporting access to repair,” Eggman told CNBC.
Apple engaged with the lawmaker’s team “very early on” in what Eggman’s chief of staff David Stammerjohan told CNBC were “very constructive” conversations. Stammerjohan declined to comment on engagement or lobbying from other manufacturers.
“Apple supports California’s Right to Repair Act so all Californians have even greater access to repairs while also protecting their safety, security, and privacy. We create our products to last and, if they ever need to be repaired, Apple customers have a growing range of safe, high-quality repair options,” Apple said in a statement to CNBC.
The bill would require manufacturers who sell products for more than $100 — a threshold that applies to most of Apple’s products — to make replacement guides, parts, and tools available for at least three years after the date that manufacture ended.
Historically, the company has opposed right-to-repair laws. Apple is not usually a major direct lobbying force but has reportedly used its considerable heft to curb right-to-repair legislation in other states, including New York.
There have been a few reasons why the company has opposed similar bills. Apple sells AppleCare+ insurance for all of its major product lines, which drives store visits and can sometimes lead to ancillary revenue if a product needs to be replaced.
But Apple is also serious about maintaining quality and controlling customer experiences. In the past, replacing an iPhone screen at a non-authorized vendor would void your iPhone warranty. Substandard materials used by non-official repairers can lead to further damage down the line, or simply just not work.
The company, under pressure from consumer groups, has relaxed its position in recent years. For example, customers can now replace iPhone batteries under Apple’s Self Service Repair program, first launched in 2021. The program lets customers order genuine parts directly through Apple and repair devices themselves.
Apple left the door open to supporting further expansion of right-to-repair in the letter to Eggman. “Apple appreciates the opportunity to support your efforts to improve consumer options in California,” the letter said.
— CNBC’s Kif Leswing contributed to this report.
WATCH: Apple’s fix-it program a good but small step in the right direction
Firefly Aerospace CEO Jason Kim sits for an interview at the Firefly Aerospace mission operations center in Leander, Texas, on July 9, 2025.
Sergio Flores | Reuters
Firefly Aerospace will price shares at $35 to $39 each in its upcoming initial public offering, a deal that would value the rocket maker at about $5.5 billion.
The Texas-based space company said in an updated prospectus Monday that it’s planning to sell about 16.2 million shares. The offering could raise up to $631.8 million.
Earlier this month, Firefly filed its plans to go public on the Nasdaq under the ticker symbol “FLY.”
Its debut comes amid a renewed push in the space race, as billionaire-led companies such as Elon Musk‘s SpaceX funnel more money into space activities and startups try their luck at the public markets.
Space tech firm Voyager went public in June, while reusable rocket developer Innovative Rocket Technologies said it plans to debut through a $400 million special purpose acquisition company merger.
Firefly’s public market launch also coincides with a revival in IPO activity as debilitating interest rates and an overhang from President Donald Trump‘s tariff plans begin to clear. Design software company Figma is slated to go public this week after raising its range.
Firefly makes rockets, space tugs and lunar landers, including satellite launching rockets known as Alpha. At the end of March, the company reported a sixfold jump in revenue from $8.3 million a year ago to $55.9 million.
The company also reported a net loss of about $60.1 million, up from a loss of $52.8 million a year ago, and said its backlog totaled about $1.1 billion.
Some of Firefly’s major backers include AE Industrial Partners, which led an early investing round in the company. Defense contractor Northrop Grumman invested $50 million in the startup this May, and Firefly says it has collaborated with Lockheed Martin, L3Harris and NASA.
Technology
Figma raises IPO range to $30-$32 per share, in deal that could value company at nearly $19 billion
Elena Nadolinski, founder and CEO at Iron Fish, and Dylan Field, CEO and co-founder of Figma, attend the annual Allen and Co. Sun Valley Media Conference in Sun Valley, Idaho, on July 7, 2022.
Brendan Mcdermid | Reuters
Design software maker Figma on Monday increased the expected price range for shares in its initial public offering this week.
The company now expects shares to go for $30 to 32 each, up from the range of $25 to $28 that it disclosed on July 21.
The new range, announced in a regulatory filing, suggests Figma would be worth $17.6 billion to $18.8 billion on a fully diluted basis.
That would still be below the $20 billion total that Adobe had offered when it announced plans to acquire Figma in 2022. The deal fell apart after regulators pushed back on competitive grounds.
Figma is among the most valuable privately held technology companies.
Financial technology companies Chime and Circle went public in June, and CoreWeave shares debuted in March. Circle and CoreWeave shares have since more than doubled in price.
The Huawei flagship store and the Apple flagship store at Nanjing Road Pedestrian Street in Shanghai, China, Sept. 2, 2024.
Cfoto | Future Publishing | Getty Images
Huawei reclaimed the top spot in China’s smartphone market in the second quarter of the year, while Apple returned to growth in the country — one of its most critical markets — data released by technology market analyst firm Canalys showed on Monday.
Huawei shipped 12.2 million smartphones in China in the three months ended June, a rise of 15% year on year — equating to 18% market share. It’s the first time Huawei has been the biggest player by market share in China since the first quarter of 2024, according to Canalys.
Apple, meanwhile, shipped 10.1 million smartphones in the quarter in China, up 4% year on year and ranking fifth. It is the first time Apple has recorded growth in China since the fourth quarter of 2023, Canalys said.
Shipments represent the number of devices sent to retailers. They do no equate directly to sales but are a gauge of demand.
The numbers come ahead of Apple’s quarterly earnings release this week, with investors watching the company’s performance in China, a market where the Cupertino giant has faced significant challenges, including intense competition from Huawei and other local players such as Xiaomi.
Huawei, which made a comeback at the end of 2023 after its smartphone business was crippled by U.S. sanctions, has eaten away at Apple’s share.
Apple’s return to growth in China will be a welcome sign for investors. The U.S. tech giant “strategically adjusted its pricing” for the iPhone 16 series in China, which helped it grow, Canalys said. Chinese e-commerce firms discounted Apple’s iPhone 16 models during the quarter. And Apple itself also increased trade-in prices for some iPhone models.
Canalys’ numbers back up figures released by Counterpoint Research earlier this month showing Apple’s return to growth in China.
Shares of Apple have fallen around 14.5% this year, partly on concerns over China and geopolitical headwinds.
U.S. President Donald Trump has threatened Apple with tariffs and urged CEO Tim Cook to manufacture iPhones in America, a move experts have said would be near impossible.
Meanwhile, competition in China has intensified. Huawei has aggressively launched various smartphones in the past year and has started to roll out HarmonyOS 5, its self-developed operating system, across various devices. It is a rival to Google’s Android and Apple’s iOS.
“This move is expected to accelerate the expansion of its independent ecosystem’s user base, while also placing greater demands on system compatibility and user experience,” Lucas Zhong, analyst at Canalys, said in a press release.
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