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Owners of the affected iPhone models could have their battery replaced by Apple - restoring the smartphone to full performance - for $29 through 2018.

"Due to the large base, even a small percentage opting for battery replacement over upgrade could have meaningful impact on iPhone sales", Moskowitz writes.

Requirements: To be eligible for the $29 battery replacement you will need to have an out-of-warranty iPhone 6, iPhone 6 Plus, iPhone 6s, iPhone 6s Plus, iPhone SE, iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus or iPhone X. The firm noted that Wall Street is "too optimistic about the iPhone X super cycle", but said it does believe services unit revenue growth looks good, and that Washington's new tax plan should benefit the company as well.

Days after Apple admitted it intentionally slowed down older handsets, it was hit with multiple class-action lawsuits, after angry users alleged Apple "interfered" with users' handsets without their consent.

According to the complaint, on December 20, 2017, defendant allegedly admitted to purposefully slowing down the operating speed of older iPhone models. Who's eligible for a new battery? Unfortunately, at $29 a pop instead of $79, it's doubtful Apple is coming out ahead. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker's stock valued at $226,000 after purchasing an additional 6 shares during the last quarter.

According to Apple, the lithium-ion batteries on which the iPhones run, slow down after a certain period of time. Earlier the price of battery replacement for Apple iPhone was Rs. 5,900. Apple insists it slowed down the phones to preserve overall performance as batteries age and never went out of its way to sabotage the older models.

Apple rolled out its performance-throttling measures for the iPhone 6 and newer models to prevent unexpected shutdowns. Kuo says Apple is working to build a single battery cell that fits in the same physical footprint as these two stitched-together battery cells.

About three-quarters of the 675 million iPhones now in use would be eligible and potentially in need of the battery upgrade, Moskowitz estimates. When Apple makes repairing phones as easy buying new ones, it saves us money and its better for the environment.

iCentre would like to point out that, as an Apple Authorised Resellers and Apple Authorised Service Provider, we are bound by Apple Inc Policies and other Terms and Conditions. iCentre understands that many customers feel Apple Inc has let them down but there might have been some misunderstandings regarding this issue.