INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Apple Inc. - AAPL

Core Insights - Pomerantz LLP is investigating claims on behalf of investors of Apple Inc. regarding potential securities fraud or unlawful business practices by the company and its officers [1] - Apple announced an indefinite delay in updates to its Siri digital assistant, impacting investor sentiment and leading to a significant drop in stock price [3] - Morgan Stanley analyst Erik Woodring lowered Apple's price target due to the delay in Siri features, which could affect iPhone upgrade cycles [4] Company Developments - Apple has postponed the release of certain Siri features that were initially expected in June 2024, now anticipated to be released in the coming year [3] - Following the announcement of the delay, Apple's stock price fell by $11.59, or 4.85$227.48 on March 10, 2025 [3] - The stock price further declined by $11.16, or 5.05$209.68 on March 13, 2025, after Morgan Stanley's report [5] Analyst Insights - Morgan Stanley's report indicated that approximately 50% of iPhone owners who did not upgrade to the iPhone 16 cited the delay in Siri features as a reason for their decision [4] - The lowered price target from Morgan Stanley went from $275 to$252, reflecting concerns over the impact of Siri's delays on future iPhone sales [4]