Apple fined $27 million for slowing down older iPhones

Apple fined $27 million for slowing down older iPhones: For years, Apple and other smartphone makers were rumored to slow down their older models, and the company finally admitted to the practice in 2017, but claimed that it was a necessary measure to “prolong the life” of the devices.Many customers weren’t buying the excuse, and in France, the company was fined 25 million euros (£21m, $27m) for not notifying customers that their device would have a reduced function after a certain period of time.