Apple to start paying out claims in $500M iPhone slowdown lawsuit: reports

(NEXSTAR) – iPhone users who have long complained their phones get slower after a software update may finally be getting paid for their troubles.Apple will soon start paying out between $310 million and $500 million it agreed to pay to settle claims the company intentionally slowed down old iPhones' performance with a new iOS update. How much the company ultimately pays out will depend on the number of approved claims.The good news is about 3 million people who filed claims in the class ac