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.

The proposed settlement agreement requires Apple (AAPL) 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 on Friday 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….

https://www.cnn.com/2020/03/02/tech/apple-lawsuit-settlement-slow-batteries/index.html

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