Apple reaches $490 million settlement over China comments

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: CC0 Public Domain Apple has reached an out-of-court settlement to pay $490 million to shareholders who accused the iPhone titan of making misleading statements about its business in China in 2018. Shareholders criticized Apple executives, in particular CEO Tim Cook, for stating in November 2018 that the company's busin ...