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Apple to pay up to $500 million to settle iPhone throttling lawsuit in the US

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<p>Apple is set to pay up to $500 million to settle a United States lawsuit over the iPhone battery performance throttling debacle of 2018.</p>
<p>Via Reuters (https://finance.yahoo.com/news/apple-pay-500-million-settle-154848278.html), Apple agreed to a preliminary settlement in legal documents filed on Friday. The company denied wrongdoing but said it settled to avoid lengthy court proceedings. The monetary suit is equivalent to $25 per impacted iPhone.</p>
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