Apple has agreed to pay eligible iPhone owners $25 per device to settle claims the company slowed the performance of older iPhones
Apple Inc. has agreed to pay as much as $500 million to settle a class-action lawsuit that claims the company slowed down the performance of older iPhones to spur customers to buy new ones.
The potential settlement would put a cap on one of the biggest legal challenges involving the Cupertino, Calif., company’s smartphone since its 2007 debut.
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