Apple reaches $490 million settlement with shareholders over China sales comments
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People look at the new iPhone 15 Pro as Apple’s new iPhone 15 officially goes on sale across China at an Apple store in Shanghai, China September 22, 2023. REUTERS/Aly Song/File Photo
(Reuters)
Apple has reached a $490 million settlement to resolve a class-action lawsuit that accused Chief Executive Tim Cook of defrauding shareholders by concealing falling demand for iPhones in China, court papers showed on Friday.
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