Apple Recalls Beats Pill XL Speakers Amid Overheating, Fire Risk

NEW YORK (TheStreet) -- Apple (AAPL) announced Wednesday it was voluntarily recalling its Beats Pill XL speakers, saying that the speakers may overheat and cause a fire.

The Cupertino, Calif.-based Apple, which acquired Beats in May 2014, found that the battery in the speaker has in rare cases overheated, posing a fire safety risk.

Apple said that customers who purchased the Beats Pill XL speakers, which come in five colors, can receive a refund of $325 or an Apple Store credit for the purchase.

The speakers were first  introduced in November 2013.

Shares of Apple appear to be little affected by the news, with shares gaining 0.6% to $130.72 in midmorning Wednesday trading.

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