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 AI features into its Siri digital assistant, which has negatively impacted the company's stock performance and sales projections [3][4][5]. Group 1: Allegations and Impact - The lawsuit claims that Apple misrepresented the timeline for integrating advanced AI features into Siri, leading to doubts about their availability in the iPhone 16 [3]. - The absence of these AI capabilities is believed to have adversely affected iPhone 16 sales and overstated Apple's business outlook and financial projections [3]. - Following the announcement of an indefinite delay for Siri updates on March 7, 2025, Apple's stock price experienced a decline [4]. Group 2: Analyst Reactions - On March 12, 2025, Morgan Stanley analyst Erik Woodring reduced Apple's price target from $275 to $252, attributing this to the Siri delays impacting iPhone upgrade cycles [5]. - Approximately 50% of users who chose not to upgrade to the iPhone 16 cited the lack of promised AI features as a reason for their decision [5]. Group 3: Media Criticism - An article published by The Wall Street Journal on April 3, 2025, criticized Apple for failing to deliver on promised AI features, 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 advanced Siri capabilities, leading to another decline in stock price [7]. Group 4: Legal Context - The law firm Robbins Geller Rudman & Dowd LLP, leading the class action, has a history of securing significant recoveries in securities fraud cases, including a $490 million recovery in a previous case involving Apple [8].