Apple has agreed to pay $500 million to consumers for purposely slowing down their older phones. Apple purposely (and secretly) slowed down the speed of older phones. The company claims it was to conserve the battery life of the devices, but many people think the purpose was to push people into upgrading to newer and more expensive phones.

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While that sounds like a whole lot of money, it’s could work out to as little as $25 per affected customer and not all iPhone users are part of the settlement. This settlement would take care of close to 70 class-action lawsuits.

Eligible owners would have used iPhone SE, iPhone 7 and 7 Plus, or iPhone 6, 6Plus, and 6s Plus running iOS 10.2.1 or iOS 11.2

it means all former or current US owners of iPhone 6, 6 Plus, 6s Plus running iOS 10.2.1 or later and iPhone 7 and 7 Plus users running iOS 11.2 or later. The operating system needs to have been installed before December 21, 2017.

The amount paid to each consumer be as high as $500 or as low as $25 depending on how many users were affected.  The attorneys have asked for fees of around $94 million dollars for filing the claim.