French authorities on Friday said tech giant Apple has agreed to pay $27.4 million for failing to inform users that software updates to older iPhone models could slow down the device, according to French media. From a report: Le Parisien reported it was the highest fine for fraud ever imposed by the consumer watchdog. The crackdown comes two years after Apple admitted its iOS software slowed down the performance of older phones — in particular, devices with shorter battery life.

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Source: Slashdot – France Fines Apple .4 Million For Slowing iPhone Software