Mar 3, 2020 - Technology

Apple agrees to pay up to $500M to settle iPhone slow-down lawsuit

young woman plays Pokemon GO in front of Sagrada Familia, on July 15, 2016 in Barcelona

Photo: Joan Cros/Corbis via Getty Images

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

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