Apple CEO Tim Cook stands in front of a screen displaying the IPhone 6 during a presentation at Apple headquarters in Cupertino, California October 16, 2014. (REUTERS/Robert Galbraith/File Photo)
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Apple apologized for secretly slowing down older iPhones, a move it said was necessary to avoid unexpected shutdowns related to battery fatigue.Many customers had interpreted the move as a way to for Apple to juice demand for newer iPhone models, their suspicions fueled by the fact that the company didn't initially disclose the slowdowns or its reasons for them.New batteries had previously cost $79 for those who didn't purchase the Apple Care maintenance plan.Only then did Apple acknowledge that the slowdown was due to a fix it rolled out last year.
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