FILE PHOTO: People walk past an Apple logo at an Apple store in Paris, France, April 23, 2025. REUTERS/Abdul Saboor/File photo
(Reuters) -Apple was sued on Friday by shareholders in a proposed securities fraud class action that accused it of downplaying how long it needed to integrate advanced artificial intelligence into its Siri voice assistant, hurting iPhone sales and its stock price.
The complaint covers shareholders who suffered potentially hundreds of billions of dollars of losses in the year ending June 9, when Apple introduced several features and aesthetic improvements for its products but kept AI changes modest.
