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Apple is Ready to Pay up to $ 500 Million in Compensations for Intentionally Slowing Down the Older iPhones

Each iPhone owner whose work was deliberately slowed down by the manufacturer will receive $ 25.

Technology giant Apple is ready to compensate customers who are affected by the controversial and deliberate practice of quietly slowing down older iPhones as the company launched new models, to induce owners to buy replacement phones or batteries.

Apple to miss revenue target due to coronavirus

The smart-device giant Apple announced that its revenues are expected to underperform in the first three months of 2020 due to the coronavirus outbreak in China.

Following the epidemic, Apple was forced to close its plants and several stores in the virus-hit country and this situation will constrain global iPhone supply temporarily, the firm said on Feb. 17.

Apple and Broadcom Fined $ 1.1 Billion

A Los Angeles court has ordered Apple and Broadcom to pay $ 1.1 billion to California Tech University for infringing on four Wi-Fi technology patents, AFP reported.

Apple was ordered to pay $ 837 million and Broadcom - $ 270 million, respectively, to the California Institute of Technology, believed to be one of the largest patent infringements in the United States to date.

Facebook Has Dropped Out of the List of the Top Ten Most Valuable Brands in the World

Facebook has dropped out of the list of the top ten most valuable brands in the world. This is indicated by the ranking of Interbrand. The list is topped by Apple, Google and Amazon, and they have been on these positions with little shifts for years.