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April 9, 2024 2:19 AM | 2 minute read |
Discover the power of “triple threat stocks” now.
Legendary investor Tim Melvin unearths lesser-known “triple-threat stocks” in his Yield Report. Want to take advantage of great opportunities in both bear and bull markets? Find out if you qualify for a yield report. Get access now for just $0.99 here!
Apple. (NASDAQ:AAPL) is in the process of settling the infamous “Batterygate” scandal. Owners of certain iPhone models in Canada are now invited to stake their claim in the legal resolution of this high-profile case.
what happened: Canadian iPhone owners who experienced reduced performance due to battery degradation can now file claims to participate in the Batterygate settlement, PhoneArena reported on Monday. This means that by December 21st, certain Apple iPhones, including iPhone 6, 6 Plus, 6s, 6s Plus, SE with iOS 10.2.1 or later, and iPhone 7 or 7 Plus with iOS 11.2 or later It follows a lawsuit targeting the model. 2017.
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Eligible users can visit a dedicated website to submit a claim. The deadline is September 2, 2024. The settlement addresses allegations that Apple intentionally slowed down older iPhone models through software updates.
Related article: Mark Cuban says Dallas Mavericks acquisition was all about fun, not billions of dollars: ‘I’m the luckiest son of a bitch’
why is it important: In March, Apple agreed to pay a $14.4 million settlement to resolve a class action lawsuit in Canada. The lawsuit accuses the tech giant of intentionally reducing the iPhone’s performance as the battery deteriorates.Eligible iPhone users can expect to receive compensation ranging from CAD 17.50 ($12.91) to CAD 150 ($110.62).
The settlement comes as Apple continues to work to improve the battery life of its new devices. The company announced that the iPhone 15 series boasts significantly longer battery life than originally expected. This move can be seen as an effort to restore consumer confidence and avoid future controversies like Batterygate.
As of Monday, Apple stock closed at $168.45, down slightly from its previous closing price of $169.58. The stock price performance reflected a change of 0.77% on volume of 37,425,513.
Read next: Elon Musk gets hit for obstruction of judicial investigation after calling for impeachment of Brazil Supreme Court justice: ‘Abuse of economic power’
Photo by Bagus Hernawan on Unsplash
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Discover the power of “triple threat stocks” now.
Legendary investor Tim Melvin unearths lesser-known “triple-threat stocks” in his Yield Report. Want to take advantage of great opportunities in both bear and bull markets? Find out if you qualify for a yield report. Get access now for just $0.99 here!
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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