Apple Set to Distribute $500 Million in 'Batterygate' Settlement Payments

Apple has agreed to pay between $310 million and $500 million to approximately 3 million iPhone users who experienced slowed performance on their older devices after software updates. The settlement comes after a class-action lawsuit was filed against Apple in 2017, accusing the company of intentionally slowing down iPhones with low-capacity batteries. Eligible users may receive around $65, depending on the number of approved claims, with payments expected to be made in the future. The settlement does not imply wrongdoing on Apple's part.