Apple has long been suspected of doing this, now they've admitted it!

Apple has always kept their products shrouded in mystery which, of course, has always fueled the "conspiracy theorists". This time, however, they were right ... Apple really has been deliberately causing older iPhones to function slower.  Businessinsider.com reports:

The company on Wednesday acknowledged what some people have long suspected: that it has been secretly stifling the performance of older iPhones.

Critics have accused the company in the past, based on anecdotal evidence, of purposely slowing phones to compel users to upgrade to the latest model. While Apple admitted to the practice on Wednesday, it sought to underscore that it had done so for a purely altruistic reason: to prevent older phones from shutting down unexpectedly.

Whether this was to make their customers buy new and more expensive devices or because they knew they would eventually fail anyway doesn't really matter. What does matter is that Apple denied this until they were caught red-handed.

iPhone developer Marco Arment said in a Twitter post that:

"The reputation damage from secretly slowing down old iPhones, regardless of the reason, will likely linger for a decade." -  businessinsider.com