Apple Inc. (NASDAQ: AAPL) Securities Fraud Class Action

Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Apple Inc. (“Apple”) (NASDAQ: AAPL) common stock between May 3, 2024 and May 1, 2025, inclusive (the “Class Period”).

Apple designs, manufactures, and markets smartphones, personal computers, tablets, accessories, and related services. Of Apple’s central product lines, the iPhone is its most important product and consistently generates over 50% of Apple’s annual net sales.

The complaint alleges that, throughout the Class Period, Defendants made false and misleading statements and/or failed to disclose that: (1) Apple misstated the time it would take to integrate the advanced AI-based Siri features into its devices; (2) accordingly, it was highly unlikely that these features would be available for the iPhone 16; (3) the lack of such advanced AI-based features would hurt iPhone 16 sales; (4) as a result, Apple’s business and/or financial prospects were overstated; and (5) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.

Current Status of Case:
On February 25, 2026, Defendants filed a Motion to Dismiss the Amended Complaint. Meanwhile, a case which involves a factual matter at issue in this case, Epic Games, Inc. v. Apple, Inc., Case No. 20-cv-05640 (N.D. Cal.), is currently pending before the Supreme Court. Because the Supreme Court’s eventual ruling could impact this current case, on July 17, 2026, the Court paused this action until the Supreme Court rules on the Epic Games case and scheduled a status conference for February 2, 2027. This action is ongoing.

For more information on the case and the Amended Complaint, please visit our website at https://www.ktmc.com/featured-case/apple-inc.

If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at [email protected]. If you would like additional information about the suit, please click on the link “Submit Your Information” above and fill out the form as promptly as possible.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs’ Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent.