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Apple to Finally Pay Out $500M Over iPhone Slowdown Lawsuit (www.cnet.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Apple to Finally Pay Out $500M Over iPhone Slowdown Lawsuit::If you were part of the settlement in 2020, you're about to get around $65.

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[-] Manuel@lemmy.world 17 points 1 year ago

That’s peanuts to them

[-] tyrant@lemmy.world 4 points 1 year ago

I wonder how much they spent on lawyers and legal fees fighting it

[-] Isoprenoid@programming.dev 2 points 1 year ago

Just more peanuts. It's all part of the risk calculations.

[-] tyrant@lemmy.world 3 points 1 year ago

They must have an army of squirrels working there

[-] redditReallySucks@lemmy.dbzer0.com 7 points 1 year ago

That's just cost of doing business.

[-] RagingNerdoholic@lemmy.ca 6 points 1 year ago

That's a hair over 0.5% of Apple's net earnings 2022. They would literally need to hit with this kind of penalty 200 times a year to actually feel it.

This won't change a goddamn thing.

[-] Hazdaz@lemmy.world 5 points 1 year ago

$60/per person involved.

The only people who win are the lawyers. Apple doesn't make out too badly either.

this post was submitted on 15 Aug 2023

153 points (97.5% liked)

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