Apple will pay up to half a billion to settle lawsuit over iPhones

Apple is set to pay out half a billion dollars to consumers who used iPhones that were intentionally slowed down.

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Back in 2017, Apple admitted that it slowed down older generation iPhones on purpose, now the company is set to pay out a massive $500 million.

Apple will pay up to half a billion to settle lawsuit over iPhones 01

According to a new report by Reuters, Apple is set to pay out $500 million to settle a massive lawsuit regarding how the company decided to intentionally slow down the performance of older generation iPhones. The lawsuit covers US iPhone 6, 6 Plus, 6s, 6s Plus, 7, 7 Plus, and SE models that were running iOS 10.2.1 or later. The suit also covers iPhone 7 and 7 Plus if those phones were running iOS 11.2 or later before December 12st, 2017.

Consumers can take part in the lawsuit and even get some money back from doing so. It's estimated that consumers could get $25 per phone, and in total, it's estimated that Apple will have to pay back $310 million to consumers. Reuters also mentioned that lawyers are seeking $93 million in legal fees with an additional $1.5 million in expenses. Lawyers also said that settlement for consumers is "fair, reasonable, and adequate" and that payment of $25 per phone is "considerable by any degree".

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NEWS SOURCES:reuters.com, engadget.com

Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest science, space, and artificial intelligence news. Jak's love for science, space, and technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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