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A judge has cleared the way for Apple to pay as much as $500 million to settle charges it purposely slowed older phones. So customers buy a New one. Those who signed up for the class action Will get around $65 for an iPhone.

Ing to a statement released by the law office involved in the suit against Apple, the tech giant will soon have to pay out up to $500 million to customers affected by its throttling of iPhones that had older batteries.

IPhone users are finally getting paid Apple's $500 million settlement, three years after it was agreed. This means that iPhone users who were involved in the 2020 class action lawsuit against Apple will be receiving some money, CNET reported.

Californians are eligible for a cash payment of $100. If you suffered losses as a result of the breach you can claim additional money as compensation. Any time or money that you spent to recover assets lost from fraud or identity theft can be eligible for payments, up to a total value of $25,000.

The $30.5 million settlement will be paid out to a class that includes 14,683 Apple employees residing in California. It marks the largest settlement in a security search case in the history of the state.

Early proposals for the settlement suggested each claimant would receive about $25. But so few people submitted claims that Apple gets to pay its minimum agreed-to sum, and claimants will likely receive somewhere in the ballpark of $60 to $95.

For additional information, you can also write to the Settlement Administrator at T-Mobile Data Breach Settlement (c/o Kroll Settlement Administration LLC, P.O. Box 225391), New York, NY 10150-5391 or call the Settlement Administrator at 1-833-512-2314.