An investigation for investors in Apple Inc. (NASDAQ: AAPL) shares over potential securities laws violations by Apple Inc. was announced.
San Diego, CA -- (SBWIRE) -- 01/14/2019 -- An investigation was announced over potential securities laws violations by Apple Inc. and certain of its directors and officers in connection with certain financial statements.
Investors who purchased shares of Apple Inc. (NASDAQ: AAPL), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Apple Inc. (NASDAQ: AAPL regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On November 1, 2018 during Apple's fourth quarter 2018 conference call, CEO Tim Cook stated that "[o]ur business in China was very strong last quarter. We grew 16%, which we're very happy with. iPhone in particular was very strong, very strong double-digit growth there."
Then on January 2, 2019, during aftermarket hours, Apple Inc. disclosed that its revenue for the first fiscal quarter of 2019 would be over 7% lower than it previously expected due to "[l]ower than anticipated iPhone revenue, primarily in Greater China, [which] accounts for all of [Apple's] revenue shortfall to [its] guidance and for much more than [its] entire year-over-year revenue decline."
Those who purchased shares of Apple Inc. (NASDAQ: AAPL) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.