LOS ANGELES–(BUSINESS WIRE)–$AAPL #AAPL—The
Schall Law Firm, a national shareholder rights litigation firm,
announces that it is investigating claims on behalf of investors of
Apple Inc. (“Apple” or “the Company”) (NASDAQ: AAPL)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
The investigation focuses on whether the Company issued false and/or
misleading statements and/or failed to disclose information pertinent to
investors. Both demand for Apple’s iPhones and its pricing power in
greater China were negatively impacted by the U.S.-China trade war.
Because Apple discounted the price of replacement batteries for certain
iPhone models, a decision made due to the revelation that the Company
was purposefully degrading the battery performance of these products,
customers were replacing their batteries instead of purchasing a new
iPhone, impacting sales growth. Apple slashed production of 2018 iPhone
models and cut prices to reduce its current inventory. The Company also
withheld unit sales for iPhones and other products, a metric long used
by investors to judge the Company’s performance, in order to mask the
decline in sales of the iPhone, Apple’s most prominent product. Based on
these facts, the Company’s public statements were false and materially
misleading throughout the class period. When the market learned the
truth about Apple, investors suffered damages.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm,
1880 Century Park East, Suite 404, Los Angeles, CA 90067, at
424-303-1964, to discuss your rights free of charge. You can also reach
us through the firm’s website at www.schallfirm.com,
or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
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jurisdictions under the applicable law and rules of ethics.