(CBS) -- After news broke that Apple had intentionally slowed down older iPhone models to save battery life, the company apologized Thursday and said replacement prices for batteries will be lowered by $50 for iPhone 6 and later models. CBS News reports the cost of replacing batteries for the phones was lowered from $79 to $29.
Apple released a statement saying the company "have never--and would never--do anything to intentionally shorten the life of any Apple product." The company said the operating system upgrade that slowed down batteries was to help guard against unexpected shutdowns and extend battery life.
The company said the new price for replacement batteries will be rolled out in late January and will last until December 2018.
The software the company said would slow down older phone models applied to the iPhone 6 and 6 Plus, 6S and 6S Plus and SE. This year's iOS 11.2 extended the feature to the iPhone 7 and 7 Plus.
The company's previous announcement that the update would slow phones was met with a class-action lawsuit on December 22.
Apple said a new iOS update due to roll out in early 2018 would "give users more visibility into the health of their iPhone's battery, so they can see for themselves if its condition is affecting performance."