NEW YORK, NY / ACCESS Newswire / April 30, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Apple Inc. ("Apple Inc.") (NASDAQ:AAPL) concerning possible violations of federal securities laws.

Apple announced its upcoming release of the new iPhone 16 and 16 Plus models on June 10, 2024. The Company heavily marketed these new iPhones as being "built for Apple Intelligence," a suite of generative AI features integrated into iOS 18 and its devices, including a major upgrade to Siri, Apple's voice assistant. Apple touted the new, upgraded AI-driven Siri as "more conversational," capable of increased understanding of user context, and being powered by ChatGPT, a state-of-the-art natural language processing model developed by OpenAI. Apple claimed that the iPhone 16 and 16 Plus were designed from the ground up to support Apple Intelligence, redefining smartphone use in the new AI economy.

Then, Apple announced on March 7, 2025, that the availability of Apple Intelligence would be significantly delayed, and that the Company "needed more time to finish developing the new Siri features" that would enhance Siri's AI capabilities and anticipated "rolling them out in the coming year."

Following this news, the price of Apple common stock fell over 5% on March 10, 2025. To obtain additional information, go to:

https://zlk.com/pslra-1/apple-inc-lawsuit-submission-form-2?prid=146120&wire=1

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/

SOURCE: Levi & Korsinsky, LLP

View the original press release on ACCESS Newswire