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 or directors [1] - Apple announced an indefinite delay in updates to its Siri digital assistant, affecting features initially promised for June 2024, which led to a significant drop in its stock price [3] - Morgan Stanley analyst Erik Woodring lowered Apple's price target from $275 to $252, citing the delay in Siri features as a factor impacting iPhone upgrade cycles [4] Company Performance - Following the announcement of the Siri update delay, Apple's stock price fell by $11.59 per share, or 4.85%, closing at $227.48 on March 10, 2025 [3] - In the subsequent trading sessions, Apple's stock price further declined by $11.16 per share, or 5.05%, closing at $209.68 on March 13, 2025 [5] - Approximately 50% of iPhone owners who did not upgrade to the iPhone 16 attributed their decision to the delays in Siri feature updates [4]