Apple has agreed to pay $53 million in order to settle a class-action iPhone, iPad warrant suit, reported Bloomberg. As per the filing submitted to the US District Court for the Northern District of California, the company will pay up to $300 for customer who was not given warranty for their products.
The publication reports that the firm used flawed liquid submersion indicators which determine on whether or not to grant customers a warranty on their iPhone or iPod Touch. A Liquid Submersion Indicator (LSI) was installed by Apple on iPhone and iPod Touch products while if it leads to damage, and then Apple has to pay for damage.
On cutting the long story short, the company now over the claim has agreed to pay $53 million, with paying to customers who had warranty claims dismissed before December 31, 2009 over the liquid damage policy and iPod touches before June 2010. A total of 150,000 customers are in the line-up to get the claim. A big number isn’t.