APPLE INC WILL PAY $113MN TO SETTLE ALLEGATIONS OF INTENTIONALLY SLOWING DOWN iPhones

Highlights

• Apple Inc will be paying a sum of $113 million in order to settle allegations from 33 U.S. states and the District of Columbia 

• Taking action against Apple, states accused Apple of acting deceptively and said that it should have replaced batteries or disclosed the issue

• While Apple had reached a proposed settlement in the month of March to pay affected iPhone owners up to $500,....