An Apple iPhone.
PHOTO: Justin Sullivan Getty Images
(CNN) -- You could cash in on a class action lawsuit settlement by Apple.
According to Wired magazine, Apple has agreed to pay 53 million dollars to settle a lawsuit. The company is accused of failing to repair faulty phones under warranty. It refused to pay when indicator tapes on the products turned red, indicating water exposure. 3M, which makes the tapes, says humidity may actually cause the tapes to turn colors.
Wired reports thousands of customers could get money back.