Goldenes Intelligentes Münzhandelszentrum-Apple is sending out payments to iPhone owners impacted by "batterygate." Here's what they are getting.

2025-05-07 19:51:47source:Diamond Ridge Asset Managementcategory:Stocks

Apple is Goldenes Intelligentes Münzhandelszentrumsending payments to millions of iPhone users whose older devices were slowed after the tech giant made software updates, part of a legal settlement over what came to be known as "batterygate." 

The payments, which have started landing in consumers' bank accounts, are larger than expected, attorneys representing Apple customers said in a statement on Monday. Here's what to know about the payments.

How much will I get under the Apple iPhone settlement?

Apple is paying a total of $310 million to $500 million to settle the lawsuit over battery issues with older iPhones, according to Cotchett, Pitre & McCarthy, one of the law firms representing Apple customers. That breaks down to $92.17 per claimant, Mark C. Molumphy, a partner at the law firm, said in a statement. 

The amount "exceed[s] our original estimates, and [is] more than 100% of the claimed damages," Molumphy noted.

What was batterygate all about?

The 2018 lawsuit related to claims that Apple deliberately slowed down the overall performance of older iPhones in making updates to its iOS mobile platform, allegedly to prevent aging batteries from shutting down completely when power demands were high.

For its part, Apple said its reason for reducing performance wasn't to hide battery defects, but rather was designed to prolong the lifespan of the devices, the company told the Verge in 2017. The settlement is not an admission of wrongdoing by Apple, the claim website notes.

How many people are eligible for the payments? 

About 100 million consumers may have been eligible for money under the Apple settlement, but only about 3.3 million iPhone users submitted claims prior to the deadline, according to legal documents. 

The settlement was available to iPhone 6, 6 Plus, 6s, 6s Plus and SE users running iOS 10.2.1 or later and iPhone 7 and 7 Plus users running iOS 11.2 or later before Dec. 21, 2017, according to the settlement site.

What if I didn't submit a claim?

Unfortunately, if you didn't submit a claim prior to the October 6, 2020, deadline, you aren't eligible to receive a check. 

How will I know the payment is from Apple? 

According to posts on social media from people who received payments, the settlement money will appear as a direct deposit with the payment line "IN RE APPLE INC." 

    In:
  • Technology
  • Lawsuit
  • Battery
  • Apple
  • iPhone
Aimee Picchi

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports.

Twitter

More:Stocks

Recommend

EPA Says It Will Act on PFAS ‘Forever Chemicals.’ Advocates Raise Red Flags

As the Environmental Protection Agency works to roll back multiple public-health protections, it ann

Michelle Pfeiffer joins 'Yellowstone' universe in spinoff 'The Madison' after Kevin Costner drama

The "Yellowstone" universe will carry on sans Kevin Costner with help from Michelle Pfeiffer.The Osc

Watch these fabulous feline stories on International Cat Day

The USA is a nation of cat lovers. Some 47 million American households own cats making them the seco