According to the complaint, investors were led to believe it Apple Intelligence It will be an important selling point for iPhone 16 A lineup that offers a smarter and more capable Siri experience. However, shareholders claim that when Apple made their announcement at the Worldwide Developers Conference in June 2024, it actually didn't have a practical version of these features.
Earlier this year, when Apple reportedly postponed some of its new SIRI capabilities in 2026, this initial delay was postponed to March, followed by a WWDC 2025 presentation where many analysts were overwhelmed by the company's AI progress. Since then, Apple's stock has dropped nearly 25% from an all-time high in late December 2024, wiping out its market value of around $900 billion.
Apple's broken AI promise has prompted this new round of lawsuits. | Image Credits – Apple by Wayback Machine
From a consumer perspective, I think it was only a matter of time before legal action continued. Many users were hoping to have the next generation of Siri features out of the box. With the lawsuit now official, Apple may need to move quickly to restore trust. Ideally, that means offering more AI upgrades faster, but the company could be more cautious about excessive overloading in the future.
