Apple to pay $113 Million fine for slowing down older iPhones

Apple Inc will pay $113 million to settle allegations from 33 U.S. states and the District of Columbia that it slowed down iPhones to mask battery issues and get users to purchase new devices, state officials announced on Wednesday.

The deal with a coalition led by Arizona, Arkansas and Indiana is separate from a proposed settlement Apple reached in March to pay affected iPhone owners up to $500 million to stem a class action.