Apple sued by shareholders for allegedly overstating AI progress The complaint covers shareholders who suffered potentially hundreds of billions of dollars of losses when Apple introduced product improvements but kept AI changes modest IE 11 is not supported
Apple Accused of Losing Shareholders Billions of Dollars Apple shares have dropped around 20 percent since a peak of $259 02 per share on December 26, 2024, with a price of $201 00 near the close of trading on Friday afternoon
Apple shareholders sue over Apple Intelligence and Siri delays The complaint covers shareholders who suffered potentially hundreds of billions of dollars of losses in the year ending June 9, when Apple introduced several features and aesthetic improvements
Apple faces lawsuit over alleged misrepresentation of AI . . . Apple faces a class action lawsuit from shareholders alleging the company overstated its AI progress, particularly with Siri The lawsuit claims Apple misled investors about the readiness of advanced Siri features, impacting iPhone sales and stock value This led to significant financial losses for shareholders, with Apple's market value dropping substantially
Apple sued by shareholders for misleading progress in AI Shareholders argued that the company led them to believe Apple Intelligence would play a more relevant role in iPhone 16 sales For this reason, the group led by Eric Tucker considered that the