Apple(US:AAPL) Xin Lang Cai Jing·2026-02-26 17:10Core Viewpoint - Apple has urged a federal judge to dismiss a proposed class-action lawsuit alleging that the company defrauded shareholders by overstating the AI capabilities of its voice assistant Siri and making false statements regarding compliance with a court order related to app sales commissions [1][3]. Group 1: Allegations and Legal Proceedings - The lawsuit accuses Apple of two main fraudulent actions: exaggerating Siri's AI capabilities and providing misleading statements about compliance with a court order regarding app sales commissions [1][3]. - Apple claims there is no evidence that it was aware, during a June 2024 meeting, that integrating advanced AI features into Siri would take longer than expected, potentially affecting iPhone 16 sales [1][3]. - The lawsuit covers shareholders who held Apple stock from May 3, 2024, to May 1, 2025, during which time the company's stock price allegedly caused potential losses of billions of dollars [1][3]. Group 2: Compliance and Financial Impact - Apple stated that it never guaranteed that the processes designed to comply with the 2021 Epic Games case would be foolproof, which required Apple to allow app users to pay developers directly, bypassing the 30% commission [1][3]. - The company noted that it faced numerous challenges in 2025, leading to fluctuations in its stock price, and argued that the plaintiffs' claims of securities fraud causing temporary stock declines are unfounded [1][3]. - A judge ruled on May 1, 2025, that Apple violated the aforementioned court order [1][3]. Group 3: Stakeholder Response - A shareholder attorney group led by the Korea National Pension Service, the world's third-largest pension fund managing nearly $1 trillion in assets, has not yet responded to requests for comment [2][4]. - The court order mandates Apple to provide external purchase links for app users, allowing developers to avoid paying the 30% commission to Apple [5]. - A judge criticized Apple's new system for charging a 27% commission on some external sales, and a federal appeals court partially overturned penalties against Apple in December [5].