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

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.