Apple has agreed to pay $490 million as a settlement for accusations of providing false information to investors about its iPhone sales in the Chinese market.
Apple has reached a settlement of $490 million to resolve a class-action lawsuit that accuses CEO Tim Cook of deceiving investors regarding a significant decline in iPhone sales in China, resulting in a sudden adjustment to the company’s revenue prediction. On Friday, a preliminary agreement was submitted to the federal court in Oakland, California. This
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