Apple Inc. (NASDAQ:AAPL) has announced a settlement agreement regarding a class-action lawsuit filed by consumers. The settlement will provide financial compensation to eligible iPhone owners who purchased specific models between a defined period.
Under the terms of the agreement, eligible customers may receive a payment of up to $95 per device. The total payout amount depends on the specific model of the iPhone and the date of purchase. To qualify for the payment, customers must submit a claim form by a specified deadline.
The settlement resolves allegations regarding the performance of the devices. Apple has agreed to the terms without admitting any liability or wrongdoing.
