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Apple is now expected to pay around $500 million in the US. The penalty that Apple is expected to pay is due to a settlement of US Lawsuit for the reason of having slow iPhones.
In the US, iPhone owners seem to be affected due to the slow running of their phones. People who own iPhone 7 model are expected to receive around $25 for each handset.
Apple seems to have issued a software update so that it could give people a clear understanding of whether is their battery responsible for the slow performance of the devices.
However, Apple claims these allegations to be baseless.