Apple shareholders sue over Apple Intelligence and Siri delays

Apple shareholders have filed a class action lawsuit against the company and its executives, including CEO Tim Cook, for allegedly misrepresenting the timeline for integrating advanced AI into Siri. The lawsuit claims this negatively impacted iPhone sales and stock prices. It covers shareholder losses in the year ending June 9, when Apple introduced modest AI changes despite expectations of more significant advancements. The complaint cites the March 2025 delay of a more powerful Siri and the lack of new Siri features at WWDC 2025 as evidence of misrepresentation.