Judge allows shareholders to sue Apple over Tim Cook’s comments on iPhone demand in China

Judge allows shareholders to sue Apple over Tim Cook’s comments on iPhone demand in China

9to5Mac

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A federal judge has ruled that Apple has to face a lawsuit accusing the company of hiding the fact that iPhone demand in China was declining, leading to “tens of billions of dollars in shareholder losses.” The specific focus is on the comments made by Apple CEO Tim Cook during Apple’s fiscal Q4 2018 earnings call, Reuters reports.

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