Apple’s clandestine decision to throttle the CPU speeds of iPhone handsets, which it claimed was done to protect phones with older batteries from unexpected shutdowns, is probably going to cost the company a whopping $500 million.
The company has tentatively agreed a settlement to a number of class action lawsuits, filed in the wake of the iPhone slowdown controversy.
If the settlement is finalised, Apple will offer to pay $25 to any user of an iPhone 6 or iPhone 7 handset. There’s thousands of dollars on offer to those named in the class action suits, which will be settled en masse if the settlement goes through.
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