Tech giant agrees to cough up $500m over slowing down older phone models

IPhone owners in the US could be set to receive a cash windfall from Apple after the global technology giant agreed to pay up to $500m (£391m) to settle claims over intentionally slowing down older phones to preserve older batteries.

Apple and lawyers representing iPhone consumers agreed to a deal stemming from Apple's 2017 admission that it was slowing down phone performance in older models to avoid unexpected shutdowns related to battery fatigue.

Apples agrees to pay $500m over intentionally slowing down older iPhones