In a Wednesday filing in the San Jose, California, federal court, Apple said there was no proof it knew when discussing AI at a June 2024 conference that it would take longer than expected to incorporate two advanced AI features into Siri, potentially hurting iPhone 16 sales.
The company delayed some Siri upgrades the following March, and Chief Executive Tim Cook said two months later that developing a “more personal” Siri was “taking a bit longer than we thought.”
Apple also said it provided no assurance that its procedures designed to comply with a 2021 injunction, in a case brought by Epic Games, to let app users pay developers directly rather than have the company charge the developers hefty commissions, would be foolproof.
“It is no secret that Apple faced challenges and weathered ups and downs in its stock price in 2025, like many major companies,” Apple said. “But plaintiff takes a massive and unsupported leap by claiming that securities fraud caused the temporary price drops.”
–Reuters–
