Apple was sued in a proposed Securities Fraud Class Action by shareholders on Friday, alleging that it is dying of iPhone sales and its stock price how long it needs to integrate advanced artificial intelligence in its Siri Voice Assistant.
The complaint includes shareholders, who suffered a loss of hundreds of billions of dollars in the year ending June 9, when Apple offered many facilities and beauty improvements for its products, but was kept but kept but kept. Aye It changes minor.
Apple The requests for comment did not respond immediately. CEO Tim CookChief Financial Officer Kevan Parekh and former CFO Luka Chest are also defendants in the case filed in San Francisco Federal Court.
Eric Tucker -led shareholders said that at June 2024 Worldwide Developers Conference, Apple inspired him to believe that AI would be a major driver iPhone 16 The device, when it launched Apple Intelligence to make Siri more powerful and user friendly.
But he said that the company in Cupertino, California had a lack of a functional prototype by AI-based. Sir, I Facilities, and cannot believe that the facilities will ever be ready for iPhone 16s.
The shareholders said the truth began on March 7 when Apple delayed some Siri upgrade in 2026, and continued through this year’s Worldwide Developers Conference on 9 June, when Apple assessed his AI progress.
Apple’s shares have lost its value about one-fourth of its December 26, 2024, which has wiped around $ 900 billion (about Rs 78,04,668 crore) of the market value.
The case is Tucker vs. Apple Inc et al, US District Court, Northern District California, No. 25-05197.
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