Apple will pay up to half a billion dollars to settle a class-action lawsuit, reports Business Insider.<br />The lawsuit accuses Apple of slowing down older iPhone models to compel users to buy new ones.<br />The proposed settlement agreement requires Apple to pay the owners of certain iPhone models.<br />Owners will get $25 per affected device from Apple, which will amount to millions for them.<br />The company admitted in December 2017 that it used software updates to slow down older iPhones.
