AAPL FRAUD ALERT: Apple Inc. Stock Drop Triggers Securities Fraud Class Action – Investors Notified to Contact BFA Law by August 19 (NASDAQ:AAPL)

Core Viewpoint - A lawsuit has been filed against Apple Inc. and certain senior executives for potential violations of federal securities laws, specifically related to misrepresentations about the AI capabilities of Siri and the iPhone 16 product cycle [1][2][3]. Group 1: Lawsuit Details - Investors have until August 19, 2025, to request to lead the case, which is pending in the U.S. District Court for the Northern District of California under the title Tucker v. Apple Inc., et al. [2] - The complaint alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Apple securities [2]. Group 2: Allegations Against Apple - The lawsuit claims that Apple misrepresented the advanced AI features of Siri and the timeline for their integration into devices, asserting that Apple did not have a functional prototype of these features [3][4]. - The complaint highlights that Apple announced an indefinite delay for several AI-based Siri features on March 7, 2025, leading to a significant stock price decline of $11.59 per share, or nearly 5%, from $239.07 to $227.48 [5]. Group 3: Market Reaction - Following the announcement of the delay, Apple's stock continued to decline after the Worldwide Developer Conference on June 9, 2025, where no new updates on Siri features were provided, resulting in a drop of $2.47 per share, or over 1%, from $203.92 to $201.45 [6].