Class Action Announcement AAPL: A Securities Fraud Class Action Lawsuit Was Filed Against Apple Inc. (AAPL)

Core Viewpoint - A securities class action lawsuit has been filed against Apple Inc. for allegedly making false and misleading statements regarding the integration of advanced AI-based Siri features into its devices, which may impact iPhone 16 sales and the company's financial prospects [1][2]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Northern District of California on behalf of investors who purchased Apple securities between June 10, 2024, and June 9, 2025 [1]. - The lead plaintiff deadline for the lawsuit is August 19, 2025 [1][3]. - The complaint alleges that Apple misrepresented the timeline for integrating advanced AI features, leading to overstated business and financial prospects [2]. Group 2: Allegations Against Apple - The complaint claims that Apple failed to disclose that the advanced AI-based Siri features were unlikely to be available for the iPhone 16 [2]. - It is alleged that the absence of these features would negatively affect iPhone 16 sales [2]. - As a result of these issues, Apple's public statements were deemed materially false and misleading throughout the class period [2]. Group 3: Lead Plaintiff Process - Investors can seek to be appointed as a lead plaintiff representative of the class by the deadline or may choose to remain absent [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case [3]. - The lead plaintiff will select counsel to represent the class, and participation as a lead plaintiff does not affect the ability to share in any recovery [3].