Team Inc
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Industrials : Commercial Services & Supplies | Small Cap Value
Company profile

Team, Inc. is a provider of integrated, digitally-enabled asset performance assurance and optimization solutions. The Company’s segments include Inspection and Heat Treating (IHT), Mechanical Services (MS) and Quest Integrity. IHT segments provides conventional and advanced non-destructive testing services primarily for the process, pipeline and power sectors, pipeline integrity management services, and field heat treating services, as well as associated engineering and condition assessment services. MS provides solutions designed to serve both the operational (onstream) and off-line states of their assets. Its onstream service offers a range of standard to custom-engineered leak repair and composite solutions, emissions control and compliance, hot tapping and line stopping and on-line valve insertion solutions. Quest Integrity provides integrity and reliability management solutions for the process, pipeline and power sectors.

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Apple makes a concession to 'right to repair' movement, will let you repair your own iPhone

10:29 am ET November 17, 2021 (MarketWatch)

By Emily Bary

Manufacturers have faced increasing pushback over repair restrictions

Apple Inc. will start allowing customers to repair their own devices with genuine parts, the consumer-electronics giant said Wednesday.

The company will let consumes order "genuine parts and tools" so that they can complete their own repairs without visiting an Apple store or an authorized provider to get their devices fixed. Consumers will be able to order the parts online and receive a credit if they send back their old parts.

The self-service repair program "will focus on the most commonly serviced modules, such as the iPhone display, battery, and camera," the company said in a release. Apple (AAPL) plans to add other options "later next year."

Apple's stock rose 1.1% in morning trading, to put it on course for the highest close in two months. The stock has gained 15.0% year to date, while the Dow Jones Industrial Average has advanced 17.6%.

Apple added that the self-service option is meant for "individual technicians with the knowledge and experience to repair electronic devices." The company still suggests that "the vast majority of customers" would be better served by obtaining professional repairs.

The topic of device repairs has become more heated recently. A bill in the House of Representatives emphasizes a "requirement to make diagnostic, maintenance, and repair equipment available to independent repair providers" and device owners.

See more: 'Right to repair' law may run into the changing definition of 'ownership'

A May report from the Federal Trade Commission concluded that while manufacturers say they are looking to protect their intellectual property and avoid contributing to consumer injuries that would arise from amateur repairs, "there is scant evidence to support manufacturers' justifications for repairrestrictions."

"While the car manufacturing industry has taken important steps to expand consumer choice, other industries that impose restrictions on repairs have not followed suit," the report continued.

-Emily Bary


(END) Dow Jones Newswires

November 17, 2021 10:29 ET (15:29 GMT)

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