Apple Faces Shareholder Lawsuit Over Delayed AI-Powered Siri Features

Apple Is Facing Another Siri AI Lawsuit, This Time From Shareholders

Apple is being sued for delaying Apple Intelligence features once again. This time, the lawsuit comes in the form of a federal securities class-action on behalf of all individuals or entities who purchased Apple shares between June 10, 2024, and June 9, 2025. Filed by shareholder Eric Tucker, the lawsuit names CEO Tim Cook, current CFO Kevan Parekh, and former CFO Luca Maestri as defendants. It claims that the company promoted a supercharged Siri for iPhone 16 despite knowing it wasn't ready. "Unbeknownst to investors, Apple lacked a functional prototype of these advanced AI-based Siri features at the time of the 2024 WWDC and had no reasonable basis to believe it could deliver the product it was advertising within the iPhone 16 product cycle, if ever," the lawsuit says. The complaint also notes the number of times Apple promoted the Siri features on its website and YouTube since June 2024 before removing them and announcing they were behind schedule in March 2025. Apple's stock hit an all-time high in December 2024 and fell in March after an executive told Daring Fireball that Siri features would not be available until 2026. As MacRumors notes, the case is yet to be certified by a judge, but the plaintiffs have alleged violations of US securities laws and demanded relief for damages. Similar claims have been noted in at least three other lawsuits filed by iPhone 16 users. They claim they have had to pay a premium for some iPhone 16 features that are not yet available. The device launched in September 2024, and the delayed Siri features won't reportedly arrive until iOS 26.4 in spring 2026. Among those delayed is Siri's ability to tap into users' personal context and take actions based on what's on the screen. According to a demo at WWDC 24, when you ask Siri about the arrival details of a flight you booked, it would be able to go through your email, find the ticket, search for its live status on the web, and then provide a response. Responding to what caused the delay, Apple software boss Craig Federighi recently said that things started falling apart when the team tried to merge old Siri code with new. Following the debacle, Siri has been completely shifted to the new code to meet the quality standards customers expect from Apple, Federighi added.

Apple sued by shareholders over AI disclosures

June 20 (Reuters) - Apple (AAPL.O), opens new tab was sued by shareholders in a proposed class action on Friday, accusing it of downplaying the time needed to integrate advanced artificial intelligence-based features into its Siri assistant, hurting iPhone sales and its stock price. The complaint filed in San Francisco federal court seeks unspecified damages for shareholders who lost money in the year ending June 9. Reporting by Jonathan Stempel in New York; Editing by Mark Porter Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics:Artificial Intelligence

Apple sued after Siri AI delay triggers $900B market value loss

Apple is facing a new legal battle over its artificial intelligence ambitions. Shareholders have filed a proposed securities fraud class action against the company, accusing it of misleading investors about the readiness of AI-based upgrades to Siri. The lawsuit, filed in federal court in San Francisco, claims Apple falsely suggested that new AI features would drive demand for its iPhone 16 lineup. Instead, Apple delayed the promised Siri updates to 2026. That, according to the plaintiffs, contributed to a sharp drop in iPhone sales and a major stock decline.

Apple shareholders sue over Apple Intelligence and Siri delays - 9to5Mac

Apple is continuing to face fallout from its Apple Intelligence rollout. As spotted by Reuters, Apple shareholders have sued Apple in a proposed class action securities fraud case for allegedly "downplaying how long it needed to integrate advanced artificial intelligence into its Siri voice assistant." The lawsuit alleges that this misrepresentation negatively impacted iPhone sales and Apple's stock price. In the lawsuit, Apple executives, including CEO Tim Cook, CFO Kevan Parekh, and former CFO Luca Maestri, are named as defendants. Reuters explains: 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. Shareholders led by Eric Tucker said that at its June 2024 Worldwide Developers Conference, Apple led them to believe AI would be a key driver of iPhone 16 devices, when it launched Apple Intelligence to make Siri more powerful and user-friendly. Apple confirmed the delay of its more powerful Siri in March 2025, which the lawsuit cites as the first sign of the "truth [emerging]." The lawsuit also points to WWDC 2025, saying Apple "conspicuously failed to announce any new updates regarding advanced Siri features." Whether or not Apple had a functional prototype of the more personal Siri it touted at WWDC 2024 has been a point of contention. Apple executives have categorically denied claims that the feature was demoware, while commentators, including John Gruber, have pushed back on Apple's assertions. Gruber's assertion that the Siri features are "vaporware" is specifically cited in the lawsuit, referencing his "Something Is Rotten in the State of Cupertino" story. The case was filed on Friday in the U.S. District Court for the Northern District of California. You can find the full document below. Apple is also battling a separate class action lawsuit for "misleading consumers" about the state of Siri and Apple Intelligence capabilities.

Apple sued over delays to AI-powered Siri

Apple shareholders are suing the company over AI rollout delays they claim cost them nearly a trillion dollars. When it comes to artificial intelligence, it seems like Apple can't catch a break. Now, after facing repeated delays and misfires relating to the launch of Apple Intelligence, Apple's shareholders have finally had enough. On Friday, Apple's shareholders launched a class action lawsuit against the tech giant. They claim that the Cupertino-based company has downplayed how long it would need to launch the new and improved AI-powered Siri. Because of the delay, shareholders are claiming that they have suffered potentially hundreds of billions of dollars of losses in the year ending June 9. As Reuters points out, Apple shares have lost nearly one-fourth of their value since their December 26, 2024 record high, wiping out approximately $900 billion of market value. Shareholders, led by Eric Tucker, claim that Apple led them to believe that Apple Intelligence would be a driving force behind iPhone 16 sales. However, after the WWDC 2025 keynote, shareholders came to believe that the company had deliberately downplayed how long it would need to launch features promised a year prior. In 2024, Apple introduced its upcoming foray into artificial intelligence, which it calls Apple Intelligence. Apple promised to offer a more personalized experience than that of its competitors. The rollout was slow, but features did eventually show up. Apple launched Writing Tools, Image Playgrounds, and Summaries, though the last had its own share of problems. However, one feature never materialized: the enhanced, personalized Siri. It was one of the most heavily promoted features at WWDC 2024. Unfortunately, it got delayed. And then it got delayed again. Now, it's unclear when Siri is due to get its upgrades. Even Apple isn't sure, it seems -- and the executives aren't happy about it. The only references to Siri in the 2025 WWDC Keynote speech was Craig Federighi promising the company was, still in fact, working on the project. The vast majority of the share price loss in 2025 was over tariff fears, not AI rollout speeds. It's not clear how the suit fears consider this fact in their filing.

Apple sued by shareholders for allegedly overstating AI progress

(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. Apple did not immediately respond to requests for comment. CEO Tim Cook, Chief Financial Officer Kevan Parekh and former CFO Luca Maestri are also defendants in the lawsuit filed in San Francisco federal court. Shareholders led by Eric Tucker said that at its June 2024 Worldwide Developers Conference, Apple led them to believe AI would be a key driver of iPhone 16 devices, when it launched Apple Intelligence to make Siri more powerful and user-friendly. But they said the Cupertino, California-based company lacked a functional prototype of AI-based Siri features, and could not reasonably believe the features would ever be ready for iPhone 16s. Shareholders said the truth began to emerge on March 7 when Apple delayed some Siri upgrades to 2026, and continued through this year's Worldwide Developers Conference on June 9 when Apple's assessment of its AI progress disappointed analysts. Apple shares have lost nearly one-fourth of their value since their December 26, 2024 record high, wiping out approximately $900 billion of market value.

Apple sued by shareholders over delayed Siri AI rollout, $900 billion in value lost

During Apple's Worldwide Developers Conference, the company unveiled iOS 26, which will launch this fall alongside iPhone 17 models. Apple AAPL.O 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. Apple did not immediately respond to requests for comment. CEO Tim Cook, Chief Financial Officer Kevan Parekh and former CFO Luca Maestri are also defendants in the lawsuit filed in San Francisco federal court. Shareholders led by Eric Tucker said that at its June 2024 Worldwide Developers Conference, Apple led them to believe AI would be a key driver of iPhone 16 devices, when it launched Apple Intelligence to make Siri more powerful and user-friendly. But they said the Cupertino, California-based company lacked a functional prototype of AI-based Siri features, and could not reasonably believe the features would ever be ready for iPhone 16s. Shareholders said the truth began to emerge on March 7 when Apple delayed some Siri upgrades to 2026, and continued through this year's Worldwide Developers Conference on June 9 when Apple's assessment of its AI progress disappointed analysts. Apple shares have lost nearly one-fourth of their value since their December 26, 2024 record high, wiping out approximately $900 billion of market value. The case is Tucker v. Apple Inc et al, U.S. District Court, Northern District of California, No. 25-05197.

Apple Sued by Shareholders for Allegedly Overstating AI Progress

The lawsuit has been filed in San Francisco federal court. Tim Cook is also defendants in the lawsuit Shareholders are being led by Eric Tucker 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. Apple did not immediately respond to requests for comment. CEO Tim Cook, Chief Financial Officer Kevan Parekh and former CFO Luca Maestri are also defendants in the lawsuit filed in San Francisco federal court. Shareholders led by Eric Tucker said that at its June 2024 Worldwide Developers Conference, Apple led them to believe AI would be a key driver of iPhone 16 devices, when it launched Apple Intelligence to make Siri more powerful and user-friendly. But they said the Cupertino, California-based company lacked a functional prototype of AI-based Siri features, and could not reasonably believe the features would ever be ready for iPhone 16s. Shareholders said the truth began to emerge on March 7 when Apple delayed some Siri upgrades to 2026, and continued through this year's Worldwide Developers Conference on June 9 when Apple's assessment of its AI progress disappointed analysts. Apple shares have lost nearly one-fourth of their value since their December 26, 2024 record high, wiping out approximately $900 billion (roughly Rs. 78,04,668 crore) of market value. The case is Tucker v. Apple Inc et al, US District Court, Northern District of California, No. 25-05197. © Thomson Reuters 2025

Apple faces lawsuit over alleged misrepresentation of AI progress and Siri delays

Apple faces a class action lawsuit from shareholders alleging the company overstated its AI progress, particularly with Siri. The lawsuit claims Apple misled investors about the readiness of advanced Siri features, impacting iPhone sales and stock value. This led to significant financial losses for shareholders, with Apple's market value dropping substantially.Apple Inc. is facing a significant legal challenge after shareholders initiated a class action lawsuit accusing the tech giant of overstating the progress of its artificial intelligence (AI) initiatives, particularly concerning its Siri voice assistant. The lawsuit, filed Friday in U.S. District Court for the Northern District of California, alleges that Apple downplayed the time required to integrate advanced AI features into Siri, misleading investors about the technology's readiness and its impact on iPhone sales and stock value. Shareholders, led by Eric Tucker, claim that during the June 2024 Worldwide Developers Conference (WWDC), Apple portrayed its "Apple Intelligence" platform as a key driver for the upcoming iPhone 16, suggesting that enhanced Siri capabilities would be ready for launch. However, by March 2025, Apple confirmed delays to the more advanced Siri features, pushing their release to 2026 -- a timeline that, according to the lawsuit, was not properly disclosed to investors. At the 2025 WWDC, Apple provided no substantive updates on these features, further disappointing analysts and shareholders. The lawsuit names CEO Tim Cook, CFO Kevan Parekh, and former CFO Luca Maestri as defendants, accusing them of misrepresentation and securities fraud. It seeks unspecified damages for shareholders who suffered losses in the year ending June 9, 2025, a period during which Apple's stock price fell sharply. Since its December 26, 2024, peak, Apple's market value has dropped by nearly a quarter, wiping out approximately $900 billion. Apple executives have denied claims that the promised Siri features were merely "demoware" or "vaporware," but industry commentators and analysts remain skeptical about the company's ability to deliver on its AI promises. The lawsuit cites critical commentary, including from tech blogger John Gruber, who questioned the readiness of Apple's AI advancements. The case highlights growing scrutiny over tech companies' disclosures about AI capabilities and the risks of overpromising to investors. Apple has not yet responded to requests for comment on the lawsuit. The legal action underscores the high stakes for Apple as it navigates investor expectations and the rapidly evolving AI landscape.

Apple Sued By Its Own Shareholder Over Siri AI Feature Delay, Allegedly Misled Investors With Fake WWDC Demo, Causing Stock To Crash Nearly 13 Percent

Apple announced iOS 18 last year, and at the heart of the update was Apple Intelligence, which made the update a surprisingly big one compared to prior builds. Since Apple delayed one of the biggest features, it is now facing backlash from internal and external parties. An Apple shareholder has now filed a class action lawsuit against the company in a California court over violations of federal U.S. securities laws. The Personalized Siri experience was the highlight of Apple's AI efforts, which was expected to be released to the public earlier this year. Apple was hopeful that the feature would be ready at its due time, but it appears that quality and reliability issues caused the feature to be delayed, which left many disappointed in the industry. Eric Tucker, an Apple shareholder, has filed a class action lawsuit against the company, which alleges that the iPhone maker made false statements related to the Personalized Siri feature, which was announced last year during the same time at WWDC. The complaint further states that the company's false claims hurt its stock prices, and as a result, the shareholders had to suffer. Apple's stock prices fell by almost 13 percent after the company announced the Personalized Siri feature delay. The lawsuit alleges: "Unbeknownst to investors, Apple lacked a functional prototype of these advanced AI-based Siri features at the time of the 2024 WWDC and had no reasonable basis to believe it could deliver the product it was advertising within the iPhone 16 product cycle, if ever." The complaint also mentions a post from The Daring Fireball, which stated that the Personalized Siri feature announced last year on stage was a concept video. However, company executives recently pointed out in an interview that the demo was indeed "genuine" and the feature was in a perfectly working state. The reason why it did not make it out to the public was reliability concerns, which the company is still working on. This is not the first time Apple has had to face repercussions due to its inability to release the Personalized Siri feature. However, this one is rather important because the class action lawsuit was filed by Apple's own shareholder, and the focus of the case is securities laws. Originally, Apple planned to release the Personalized Siri features with iOS 18.4, but the date slipped ahead to iOS 18.5 and so forth. Ultimately, the company decided to keep working on the feature and set the release date to next year. It is alarming to see how Apple is having reliability issues after all this time, and it will not be presented well in the smartphone industry, where the company is losing the AI race to OpenAI and Google.

Apple sued by shareholdrs, accues of lying about AI progress -- ...

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 esthetic improvements for its products but kept AI changes modest. Apple did not immediately respond to requests for comment. CEO Tim Cook, Chief Financial Officer Kevan Parekh and former CFO Luca Maestri are also defendants in the lawsuit filed in San Francisco federal court. Shareholders led by Eric Tucker said that at its June 2024 Worldwide Developers Conference, Apple led them to believe AI would be a key driver of iPhone 16 devices, when it launched Apple Intelligence to make Siri more powerful and user-friendly. But they said the Cupertino, Calif.-based company lacked a functional prototype of AI-based Siri features, and could not reasonably believe the features would ever be ready for iPhone 16s. Shareholders said the truth began to emerge on March 7 when Apple delayed some Siri upgrades to 2026, and continued through this year's Worldwide Developers Conference on June 9 when Apple's assessment of its AI progress disappointed analysts. Apple shares have lost nearly one-fourth of their value since their Dec. 26, 2024 record high, wiping out approximately $900 billion of market value. The case is Tucker v. Apple Inc et al, U.S. District Court, Northern District of California, No. 25-05197.

Apple shareholders file lawsuit over AI integration claims By Investing.com

Investing.com -- Apple (NASDAQ:AAPL) was sued by shareholders in a proposed class action on Friday. The lawsuit accuses the tech giant of downplaying the time required to integrate advanced artificial intelligence features into its Siri assistant. Filed in San Francisco federal court, the complaint alleges that this misrepresentation hurt iPhone sales and negatively impacted Apple's stock price. The shareholders are seeking unspecified damages for investors who lost money in the year ending June 9. The proposed class action represents shareholders who claim they suffered financial losses due to Apple's statements regarding the timeline for AI integration in its voice assistant technology.

Apple sued by shareholders for allegedly overstating AI progress

(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. Apple did not immediately respond to requests for comment. CEO Tim Cook, Chief Financial Officer Kevan Parekh and former CFO Luca Maestri are also defendants in the lawsuit filed in San Francisco federal court. Shareholders led by Eric Tucker said that at its June 2024 Worldwide Developers Conference, Apple led them to believe AI would be a key driver of iPhone 16 devices, when it launched Apple Intelligence to make Siri more powerful and user-friendly. But they said the Cupertino, California-based company lacked a functional prototype of AI-based Siri features, and could not reasonably believe the features would ever be ready for iPhone 16s. Shareholders said the truth began to emerge on March 7 when Apple delayed some Siri upgrades to 2026, and continued through this year's Worldwide Developers Conference on June 9 when Apple's assessment of its AI progress disappointed analysts. Apple shares have lost nearly one-fourth of their value since their December 26, 2024 record high, wiping out approximately $900 billion of market value. The case is Tucker v. Apple Inc et al, U.S. District Court, Northern District of California, No. 25-05197. (Reporting by Jonathan Stempel in New York; Editing by Mark Porter and Rod Nickel)