According to a Reuters report, Apple settled the case to avoid burdens and costs of litigation. Apple Will Pay Up to $500 Million for iPhone-Slowing Software Updates - Here’s What We Know [UPDATE] by Corrado Rizzi. This is negotiable, with a minimum payout of USD 310 million. Apple will need to pay per iPhone, though the cost may vary depending on how many iPhones are eligible. The company has agreed to settle these allegations by paying up to USD 500 million.

Apple will pay up to $500 million to settle iPhone lawsuit. According to reports from Law360, a federal judge in California gave preliminary approval on the settlement on Friday. Case Updates. There is also a call for Apple to compensate their consumers an amount of USD 25 for every iPhone unit. $500 million to the government, which in turn bails out corporations. However, the U. S. District Judge, Edward Davilla, still needs to approve the said proposal. (Image: Bloomberg) Apple has agreed to pay a settlement of up to $500 million after a spate of class-action lawsuits in the US accusing it of intentionally slowing down old iPhones.

“During the hearing held through the Zoom video conferencing tool, US District Judge Edward […] May 19, 2020 - $500 Million Settlement Receives Preliminary Approval; Final Approval Likely Months Away. Apple will pay a minimum of $310 million and a maximum of $500 million to settle the litigation, according to a filing last Friday in U.S. District Court for the Northern District of California. Last Updated on May 19, 2020 . Socialism for the rich. March 3, 2020 / 10:58 AM / AP IPhone owners could get $25 from Apple after the company agreed to pay up to $500 million … The judge, however, delayed the final approval because of the coronavirus outbreak. Share View Comments. One of Apple’s long-standing class action lawsuits seems close to completion. Apple will pay up to half a billion dollars to settle a class action lawsuit accusing it of slowing down older iPhone models to compel users to buy new ones.



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