Key takeaways
- Apple is set to pay up to $500 million to settle its long-time fall-out over the alleged deliberate slowing down of iPhone batteries via a software update
- Apple’s share price has slowly declined since the mixed Q2 report which showed a slowdown in revenue
- The upcoming launch of the iPhone 15 could be the boost to the bottom line the Big Tech titan needs
A long-running dispute over iPhone batteries is about to wind up. First accused of deliberately slowing down phones in 2017, Apple is now shelling out as much as $500 million to settle the class action lawsuit.
It’s another spot of bad news for the tech company, which has seen its shares decline after a lackluster earnings beat. The Apple iPhone 15 could be the company’s saving grace to stem the share price’s decline over the last few weeks, but not everyone is convinced. Let’s dive in.
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