Apple will pay up to $500M on suit over slow iPhones

Transcript

If you had an iPhone six or seven before December 21, 2017 you could get some money back from Apple.

The company is settling a class action lawsuit claiming it purposely slowed down those iPhone models to make users think they needed newer, faster phones.

Under the deal, owners of certain iPhone models will be entitled to 25 dollars per device.

That could go up or down depending on how many claims are filed.

The pay-out is expected to cost Apple up to half a billion dollars.

Apple admitted back in 2017 its software update did slow down older phones, but the company insisted it was to stop a battery problem that caused the phones to shut down.

Posted – 3.3.20