Apple has tentatively agreed to pay a settlement worth up to $500 million to settle a lawsuit accusing it of intentionally slowing down older iPhones.
The class-action settlement, released Friday after months of negotiations, still has to be approved by U.S. District Judge Edward Davila in San Jose, Calif.
Apple continues to deny wrongdoing and is agreeing to the payment to avoid the burdens and costs of litigation, according to the proposed settlement.
If approved, Apple would offer $25 to any current or former owner of a covered iPhone, which includes the iPhone 6, 6 Plus, 6s, 6s Plus, 7, 7 Plus and SE.
Read more at The Hill.
{Matzav.com}
