26.5 C
New York
June 7, 2025
Apple Asia Pacific China Computing iPhone Law (US) news Technology US news World news

Apple to pay $490m to settle claims it misled investors over sales in China

Apple to pay 0m to settle claims it misled investors over sales in China

Company denies that Tim Cook deceived investors when he said iPhone sales were strong weeks before revenue warning

Apple has agreed to pay $490m to settle a class-action lawsuit led by the UK’s Norfolk county council.

The class action alleged chief executive Tim Cook misled investors about a steep downturn in iPhone sales in China that culminated in a jarring revision to the company’s revenue forecast.

Continue reading…

Related posts

Deportation flights to Rwanda will begin before election, says Robert Jenrick

TheWorldsNews

King Charles asked for ‘unequivocal apology’ by Kenya’s rights commission

TheWorldsNews

Chinese congress expected to cement power of Xi Jinping

TheWorldsNews

Pin It on Pinterest

Share This