Apple officially accepts that it slows down its iPhones and apologizes to its customers for doing so.
They have officially posted about this on their website and also promises to solve this issue through another software update in the starting of 2018. For the users who are facing this issue currently, Apple has asked them to replace their batteries. If the device is under warranty they'll replace the battery for free. If not, you'd have to pay for the battery replacement. Usually, the replacement cost is $79 but Apple now has reduced the price to $29 in order to gain the trust of their customers.
To read about this more check out Apple's official page.
Click on this link to know.
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