Apple Will Pay Up To Half A Billion Dollars To Settle A Class Action Lawsuit

Admitting back in December 2017 that it used software updates to slow down older iPhones, after angry customers and tech analysts flagged that the updates were causing slowed performance of older products. Some of them suggested that Apple did so to force users to upgrade to the latest iPhone model, but the company claimed it was aimed at addressing issues with older lithium-ion batteries that would make the phones suddenly shut down to protect their components. Now, Apple will pay up to half a billion dollars to settle a class action lawsuit accusing it of slowing down the older iPhone models to compel users to buy new ones. The proposed settlement agreement requires Apple to pay the owners of certain iPhone models $25 per affected device, totaling a minimum of $310 million and a maximum of $500 million, according to documents released last week in US District Court in San Jose, California. The amount each user receives could increase or decrease depending on how many claims are filed as well as any additional legal fees and expenses approved by the court, the document added.

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