Apple To Pay $500 Million & Give iPhone Users Refund For Phone Slowdown
APPLE TO PAY $500 MILLION – iPhone users could receive $25 from Apple after the company agreed to pay $500 million as a settlement for slowing down older phones.
Back in 2017, Apple had admitted to slowing down phone performance in older models. This was to avoid unexpected shutdowns related to battery usage.
Following the admission, Apple offered discounted battery replacements for $29. But, many claimed they had already bought new phones because apple failed to reveal the cause of the problem.
According to a report from Inquirer, a majority of the customers said that if they knew the problem, they would’ve just got a new battery instead.
However, Apple did not admit any wrongdoing. In the settlement, the company would pay $300 to $500 million, including close to $93 million to lawyers who represented consumers.
iPhone users who were named in the lawsuit would get up to $3,500 each. Meanwhile, the rest of the money would be distributed to owners of iPhone 6,6s,7, and SE models.
But, the models need to meet eligibility requirements related to the operating system they are on. As per the report, users must file claims to get the reward.
Additionally, if there are too many people, the $25 refund could still shrink. Aside from this, a federal judge in San Jose California still needs to approve the settlement.
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