Economy

Apple admits slowing down older iPhones. Talk about out of touch.

Google searches for slow iPhone correlate with new releases.

Eight lawsuits filed against Apple for slowing iPhones.

Backlash forces Apple to apologize for slowing down iPhones. More.

"iPhone owners have long believed Apple artificially slows down older phones to drive new sales. But the new information from Apple about performance management poured gasoline on that long-simmering frustration, leading to a lot of bad press and multiple lawsuits. What made it all seem worse is that the scope of the performance penalty only came to light after being discovered by a developer instead of being clearly disclosed by Apple."

Busted.