Apple settlement payment started and here is how much you will get

Apple settlement payment started and here is how much you will get

Time Stamp: January 26, 2024 5:15 AM
Source Node: 3085008

The Apple settlement payment has finally started, and users have started getting their shares. It was surely a tough time for both parties, but finally, the wait is over, and soon, all the payments are expected to be made.

Apple has recently started paying out a settlement to certain iPhone users. This comes after a lawsuit was filed against the company, claiming that some iPhone models were deliberately slowed down. Apple isn’t admitting they did anything wrong, but they’re paying to avoid more legal hassle. Let’s break this down into simple terms and see what it means for iPhone owners.

Apple settlement payment
The Apple settlement payment case is finally at its last phase (Image Credit)

What is the Apple settlement payment?

So, what’s the Apple settlement payment all about? It’s simple: Apple has been in a bit of hot water over a performance management feature in certain iPhones. This feature, found in models like the iPhone 6 and 7 series, supposedly slowed down these phones. Apple has decided to settle these claims to avoid a long, drawn-out court battle. This doesn’t mean they’re admitting they did anything wrong, but they are ready to close this chapter.

Here’s the scoop: If you owned an iPhone 6, 6 Plus, 6s, 6s Plus, 7, 7 Plus, or SE that ran iOS 10.2.1 or later (and in the case of iPhone 7 and 7 Plus, iOS 11.2 or later) before December 21, 2017, you might be part of this settlement. This case, known as “In re Apple Inc. Device Performance Litigation,” was handled by the United States District Court for the Northern District of California. It’s not just about this case; this settlement also ties up similar lawsuits filed in other federal districts and a class action in California.

To be part of this settlement, you had to be a U.S. owner of one of these iPhones. This means you could’ve bought, leased, or received the phone in any way, as long as it was shipped to the U.S. or its territories.

Apple settlement payment
The deadline for Apple settlement payment passed a while ago (Image Credit)

Can you still get your share of the Apple settlement payment?

Here’s a crucial point: the deadline to claim your share was October 6, 2020. If you didn’t submit a claim form by then, you’re not eligible for the settlement. Those who did had to complete an online form with their bank details for the payment.

iPhone slowdown lawsuit 2024 results in $92 payouts from Apple

How much will iPhone users get?

Now, for the golden question: how much cash are we talking about? The settlement amount Apple has agreed to pay is between $310 million (minimum) and $500 million (maximum). That’s a lot of dough! The payment is estimated to be around $25 for each eligible iPhone. But here’s the catch: if the total claims exceed $500 million, the amount per iPhone might decrease. On the flip side, if the claims don’t reach $310 million, you could get more, up to $500 per phone.

In a nutshell, Apple is making it right for lots of iPhone users. This settlement marks a significant moment in consumer rights, especially in tech. It’s a reminder that even the biggest companies need to keep their products up to snuff. For those who got their claims in on time, a little extra cash might be on its way. For the rest, it’s a lesson in staying alert to opportunities like these!

Featured image credit: AltumCode/Unsplash

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