A securities class action has been filed in the USDC – N.D.CA. against Apple Inc. (2025) (AAPL) (“Apple” or the “Company”), on behalf of all persons and entities that purchased or otherwise acquired Apple securities between June 10, 2024, and June 9, 2025, both dates inclusive (the “Class Period”).
Apple is a multinational technology company that engages primarily in the businesses of smart-device and computer design and manufacturing, entertainment and AI.
The complaint alleges defendants made false and/or misleading statements and/or failed to disclose that:
(1) Apple misstated the time it would take to integrate the advanced AI-based Siri features into its devices;
(2) accordingly, it was highly unlikely that these features would be available for the iPhone 16;
(3) the lack of such advanced AI-based features would hurt iPhone 16 sales;
(4) as a result, Apple’s business and/or financial prospects were overstated; and
(5) as a result, the Company’s public statements were materially false and misleading at all relevant times, thereby harming investors.
If you purchased Apple securities during the Class Period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.