Apple Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. August 19, 2025 Deadline to file Lead Plaintiff Motion.

Core Viewpoint - A class action lawsuit has been filed against Apple Inc. for allegedly misleading investors regarding the integration of advanced AI features into its Siri digital assistant, which may have negatively impacted iPhone 16 sales and overstated the company's financial outlook [3][4][5]. Group 1: Allegations and Impact - The lawsuit claims that Apple misrepresented the timeline for integrating AI features into Siri, leading to doubts about their availability in the iPhone 16 [3]. - Following the announcement of an indefinite delay for Siri updates on March 7, 2025, Apple's stock price experienced a decline [4]. - Morgan Stanley analyst Erik Woodring reduced Apple's price target from $275 to $252 due to the Siri delays, noting that around 50% of users who chose not to upgrade to the iPhone 16 cited the lack of promised AI features [5]. - An article from The Wall Street Journal criticized Apple for failing to deliver on its AI promises, resulting in a stock price drop of over 7% [6]. - At the Worldwide Developers Conference on June 9, 2025, Apple did not provide significant updates on Siri capabilities, leading to another decline in stock price [7]. Group 2: Legal Context and Previous Cases - Robbins Geller Rudman & Dowd LLP, the firm leading the current case, previously secured a $490 million recovery in a securities fraud case involving Apple, marking it as one of the largest recoveries in the Northern District of California [8].