1. Apple Faces Class-Action Lawsuit Threat for not Warning Investors About Tanking iPhone Demand

    Apple Faces Class-Action Lawsuit Threat for not Warning Investors About Tanking iPhone Demand
    • A New York law firm is garnering support for a shareholder lawsuit against Apple.
    • That's after the company issued a shock revenue warning on Wednesday.
    • Bernstein Liebhard said Apple CEO Tim Cook can't reconcile his November optimism about iPhone sales in China with Wednesday's warning, where he blamed China's slowing economy for poorer-than-expected sales.
    • Apple has been ignoring the bigger reality about smartphones, which is that demand is slowing and they have become commoditised...
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    1. Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Apple... resulting from allegations that Apple and/or its executives may have issued materially misleading business information to the investing public.
    2. We were surprised about the magnitude of the miss and the negative impact of China demand for iPhones.
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