Apple Staring Down The Barrel Of $765M Settlement Over Slowing iPhones
Apple is looking at the possibility of paying a $US500 million ($765 million) fine for deliberately slowing down older model iPhones.
The tech giant agreed to settle the long-running class-action in the US, after it confirmed it slowed down devices to ensure their longevity.
The settlement was filed in a California court last Friday and is awaiting final court approval, according to Bloomberg.
Under the proposed settlement, Apple will pay out between $US310 and $US500 for the case.
Owners of iPhone 6, 6 Plus, 6s, 6s Plus, 7, 7 Plus, and SE devices will be entitled to a payment of around $US25 each, although this figure could go up or down, depending on whether there is money left over from the minimum payout.
It follows the news of Apple being fined €25 million ($41 million) by the French competition watchdog for deliberately slowing iPhones.
In Australia, the ACCC hit Apple with a $9 million fine in 2018 for making false, misleading or deceptive representations about customer’s rights to compensation if they had gotten a damaged device repaired with a third party.
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