U.S. to investigate Apple for slowing down older iPhones

The Department of Justice and the Securities and Exchange Commission will probe Apple over whether the company "violated securities laws concerning its disclosures about a software update that slowed older iPhone models," Bloomberg reports. Apple has faced backlash in recent months after admitting to slowing down phones.

Be smart: Axios’ Ina Fried notes that Apple only slows down phones in a specific condition: when an older battery can’t deliver the power required to run faster.