Apple will pay $113 million over investigation into slowing iPhones – Fox Business

Apple will pay $113 million over investigation into slowing iPhones – Fox Business

Apple Inc. AAPL 0.52% has agreed to a $113 million settlement with more than 30 states that accused the iPhone maker of concealing issues with batteries by throttling phone performance with a software update in 2016.

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Attorneys general from Arizona and Indiana, which led the investigation along with the attorney general of Arkansas, said in statements Wednesday announcing the proposed deal that it also requires Apple to provide truthful information to users on its website and elsewhere about iPhone battery health, performance and power management.

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“Big Tech companies must stop manipulating consumers and tell them the whole truth about their practices and products,” Arizona Attorney General Mark Brnovich said in a statement. The investigation was backed by Republican and Democratic officials from 33 states plus the District of Columbia.

An Apple spokeswoman didn’t immediately respond to a request for comment. In a court document outlining the settlement, the company denied wrongdoing and said the agreement doesn’t represent any concession that it violated laws or regulations.