Apple will pay half a billion dollars to settle a class action lawsuit after being accused of slowing down older IPhone models.
What We Know:
- IPhone owners could get $25 from Apple after the company agreed to pay up to $500 million to settle claims over intentionally slowing down older phones to preserve older batteries.
- Apple and lawyers representing iPhone consumers agreed to a deal stemming from Apple’s 2017 admission that it was slowing down phone performance in older models to avoid unexpected shutdowns related to battery fatigue.
- That admission led to Apple offering discounted battery replacements at $29, but many people claimed they had already spent hundreds of dollars to buy new phones because Apple didn’t reveal the cause of the problem. Some consumers in the case advised that if they had known they could just buy new batteries, they might not have bought new phones.
- IPhone users who were named in the class-action lawsuit will get up to $3,500 each. The rest of the settlement money will be distributed to owners of iPhone 6, 6S, 7 and SE models who meet eligibility requirements related to the operating system they had running. They must file claims to get the award. If too many people file, the $25 amount could shrink.
A federal judge in San Jose, California still needs to approve the settlement to conclude the lawsuit.