Apple shareholders sue over Apple Intelligence and Siri delays

Apple is continuing to face fallout from its Apple Intelligence rollout. As spotted by Reuters, Apple shareholders have sued Apple in a proposed class action securities fraud case for allegedly “downplaying how long it needed to integrate advanced artificial intelligence into its Siri voice assistant.”

The lawsuit alleges that this misrepresentation negatively impacted iPhone sales and Apple’s stock price.

In the lawsuit, Apple executives, including CEO Tim Cook, CFO Kevan Parekh, and former CFO Luca Maestri, are named as defendants. Reuters explains:

The complaint covers shareholders who suffered potentially hundreds of billions of dollars of losses in the year ending June 9, when Apple introduced several features and aesthetic improvements for its products but kept AI changes modest.

Shareholders led by Eric Tucker said that at its June 2024 Worldwide Developers Conference, Apple led them to believe AI would be a key driver of iPhone 16 devices, when it launched Apple Intelligence to make Siri more powerful and user-friendly.

Apple confirmed the delay of its more powerful Siri in March 2025, which the lawsuit cites as the first sign of the “truth [emerging].” The lawsuit also points to WWDC 2025, saying Apple “conspicuously failed to announce any new updates regarding advanced Siri features.”

Whether or not Apple had a functional prototype of the more personal Siri it touted at WWDC 2024 has been a point of contention. Apple executives have categorically denied claims that the feature was demoware, while commentators, including John Gruber, have pushed back on Apple’s assertions.

Gruber’s assertion that the Siri features are “vaporware” is specifically cited in the lawsuit, referencing his “Something Is Rotten in the State of Cupertino” story.

The case was filed on Friday in the U.S. District Court for the Northern District of California. You can find the full document below.

Apple is also battling a separate class action lawsuit for “misleading consumers” about the state of Siri and Apple Intelligence capabilities.

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