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UK Local Authority Sues Apple Over China iPhone Sales Prediction

February 16, 2022
Source: macobserver.com macobserver.com
News Snapshot:
LONDON – A local authority in England has launched a class-action lawsuit against Apple, Sky News reported . Norfolk County Council alleges that CEO Tim Cook and CFO Luca Maestri made misleading predictions about Chinese iPhone demand back in 2018. Norfolk County Council Sues Apple Over Tim Cook China iPhone Sales Comments The allegations center on comments to investors from Mr. Cook that indicated he did not believe iPhone demand would drop in China, while also accepting Apple faced pressure in emerging markets. Two months later Apple issued a profits warning, citing a fall in demand in China. Norfolk County...
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