Apple Settles $490M Lawsuit Over iPhone Demand Misrepresentation
Saturday, 16 March 2024, 19:45
Apple Settles $490M Lawsuit Over iPhone Demand Misrepresentation
Apple has agreed to pay $490 million to settle a class-action lawsuit accusing its CEO of misguiding investors with false assurances about iPhone demand in China. The lawsuit underscores the consequences of misleading stakeholders on product demand and the impact of legal actions on corporate reputation.
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