SAN FRANCISCO — Many iPhone owners believe Apple purposely slowed down their old devices as it released new ones. Now some of them might be in line for a small payday: Apple has agreed to pay some iPhone owners about US$25 (S$35) each to settle such complaints.

Under a proposed settlement disclosed on Friday (Feb 28), Apple agreed to pay up to US$500 million to settle a lawsuit that accused the company of intentionally slowing down certain iPhones years after they were released.