Apple to pay $490m to settle claims it misled investors over sales in China
by Agencies from Technology | The Guardian on (#6KCSM)
Company denies that Tim Cook deceived investors when he said iPhone sales were strong weeks before revenue warning
Apple has agreed to pay $490m to settle a class-action lawsuit led by the UK's Norfolk county council.
The class action alleged chief executive Tim Cook misled investors about a steep downturn in iPhone sales in China that culminated in a jarring revision to the company's revenue forecast.
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