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Apple shareholders have a lawsuit for delay siri and mass losses

Apple sued the AI ​​Siri

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Due to the delay, shareholders claim that they suffered potentially hundreds of billions of dollars of losses during the year ending on June 9. According to Reuters, Apple shares lost almost a quarter of their value since their record December 26, 2024, wiping about $ 900 billion.

shareholders led by Eric Taker, claim that Apple forced them to believe that Apple Intelligence will become the driving IPhone 16 sales power. Nevertheless, after the main report WWDC 2025, the shareholders came to the conclusion that the company intended for a long time For a long time it will have to launch the functions promised a year earlier.

a lawsuit filed by the Federal Court of San Francisco, CEO Tim Kuk, financial director Kevan Parech and former financial director of Luca Maestri as defendants.

In 2024, Apple presented its upcoming raid in artificial intelligence, which he calls Apple intelligence. Apple promised to offer more personalized experience than the experience of its competitors.

The deployment was slow, but the functions ultimately appeared. Apple launched letters, playgrounds and resumes, although the latter had its own share of problems.

However, one feature was never carried out: improved personalized Siri. This was one of the most widely advanced functions on the WWDC 2024. And then it was delayed again.

is now unclear when Siri should get its updates. Even Apple is not sure, it seems & mdash; And the leaders are not satisfied with this.

The only links to Siri in the 2025 speech WWDC “was a Craig Federerigi, who promises that the company is still working on the project.

The vast majority of losses for shares in 2025 were due to tariff fears, and not the expansion rate of AI. It is not clear how the applicants of the lawsuit consider this fact in their presentation.

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