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Some iPhone owners could receive $25 from Apple after the tech giant agreed to pay up to $500 million to settle a class-action lawsuit accusing it of slowing down older models.
The big picture: While Apple admitted in 2017 it slowed devices to avoid shutdowns, it has not admitted wrongdoing in the settlement. A federal judge must approve the settlement and a hearing is set for April 3.
Read the proposed settlement:
Flashback: Apple to cut battery price after admitting slowing down old devices