... Apple Apple Settles Slow iPhone Lawsuit For $500M.
Apple Agrees to Pay Some iPhone Owners $25 Each A settlement for as much as $500 million would resolve a lawsuit accusing Apple of slowing old iPhones as it released new ones. ... 2020…
Apple has agreed to settle a lawsuit for as much as $500 million over allegations that it slowed down older iPhones. Apple will pay up to half a billion dollars to settle a class action lawsuit accusing it of slowing down older iPhone models to compel users to buy new ones. By the same token, it probably would have looked a lot worse — and cost Apple a lot more — had Apple gone to court and lost.
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