AAPL CLASS ACTION: Apple Inc. Investors that Lost Money may have been Affected by Fraud – Contact BFA Law by August 19 Legal Deadline (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 - The lawsuit is pending in the U.S. District Court for the Northern District of California, titled Tucker v. Apple Inc., et al., No. 5:25-cv-05197, with investors having until August 19, 2025, to seek lead plaintiff status [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 complaint claims that Apple misrepresented the advanced AI features of Siri and the timeline for their integration into devices, asserting that Apple lacked a functional prototype of these features [3][4]. - The lawsuit highlights that Apple announced an indefinite delay for several AI-based Siri features on March 7, 2025, which led to a significant stock price decline of $11.59 per share, 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 June 9, 2025, Worldwide Developer Conference, where no new updates on Siri features were provided, resulting in a drop of $2.47 per share, over 1%, from $203.92 to $201.45 [6]. - Analysts described the WWDC as "underwhelming" and "disappointing," indicating that Apple is perceived to be lagging behind competitors in AI [6].