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    Some iPhone owners could get up to $95 after Apple agrees to settle Apple Intelligence false advertising lawsuit


    Owners of certain iPhones could receive cash payments of up to $95 from Apple following the company’s $250 million settlement of a class-action lawsuit over false advertising of its artificial intelligence features.

    Apple heavily promoted new AI capabilities for Siri when it launched the iPhone 16 in 2024 as part of software updates it marketed as “Apple Intelligence,” but failed to deliver.

    Kelvin Chan for Associated Press:
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    The company has been scrambling to keep up with tech rivals amid the AI boom but still hasn’t delivered on the Siri revamp two years later.

    The lawsuit, filed on behalf of U.S. consumers in the San Francisco federal court for the Northern District of California, alleged that Apple deceived consumers with a marketing campaign that promoted features that did not yet exist and misled them into buying the devices.

    Lawyers for the iPhone buyers asked a court for preliminary approval of the proposed $250 million settlement, according to a court filling. If approved by a judge, it would be one of the biggest ever for Apple.

    The settlement covers about 37 million devices bought in the United States between June 10, 2024 and March 29, 2025, including all iPhone 16 models and the iPhone 15 Pro and iPhone 15 Pro Max.

    Owners are eligible for a payment of at least $25 for each device, and that amount could go up to $95 depending on how many other claims are filed “and other factors,” the filing said.

    Apple, based in Cupertino, California, was caught off-guard by the intense consumer interest in the Siri AI features. Buyers were angered after finding out that the new features would be released later than expected, the filing said.

    They “would not have purchased the Eligible Devices or would have paid significantly less, had they known Enhanced Siri features were not available,” the filling said.

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    Again, Apple got off easy. It ends up being effective advertising, albeit false. $250 million is pocket change.

    As usual, we called it correctly very early on:

    The Apple Intelligence vaporware [is] false advertising, fraud, and lies. Those will be the basis for class action lawsuits from iPhone, iPad, and Mac customers soon enough. And Apple will deserve them all. – MacDailyNews, March 14, 2025

    See also: Apple pulls iPhone 16 ad touting nonexistent Apple Intelligence-powered Siri features – March 10, 2025

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    Source link: https://macdailynews.com/2026/05/06/some-iphone-owners-could-get-up-to-95-after-apple-agrees-to-settle-apple-intelligence-false-advertising-lawsuit/

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    Apple beats second quarter results with record quarterly revenue of $111.2 billion

    Apple today announced financial results for its fiscal 2026 second quarter ended March 28, 2026. The Company posted quarterly revenue of $111.2 billion, up 17 percent year over year. Diluted earnings per share was $2.01, up 22 percent year over year.

    “Today Apple is proud to report our best March quarter ever, with revenue of $111.2 billion and double-digit growth across every geographic segment,” said Tim Cook, Apple’s outgoing CEO, in a statement. “iPhone achieved a March quarter revenue record, fueled by such extraordinary demand for the iPhone 17 lineup. During the quarter, Services achieved yet another all-time record, and we were excited to introduce remarkable new products to our strongest lineup ever. That included the addition of the iPhone 17e and the M4-powered iPad Air, along with the launch of MacBook Neo, which is captivating customers all around the world.”

    “Our strong business performance during the March quarter generated over $28 billion in operating cash flow and drove new March quarter records for both operating cash flow and EPS,” said Kevan Parekh, Apple’s CFO, in a stateemnt. “Continued strong customer demand for our products and services once again helped us achieve a new all-time high for our installed base of active devices across all major product categories and geographic segments.”

    • iPhone: $56.994 billion (vs. $48.841 billion YoY)
    • Mac: $8.399 billion (vs. $7.949 billion YoY)
    • iPad: $6.914 billion (vs. $7.522 billion YoY)
    • Wearables, Home and Accessories: $7.901 billion (vs. $7.522 billion YoY)
    • Services: $30.976 billion (vs> $26.645 billion YoY)

    • Americas: $45.093 billion (vs. $40.315 billion YoY)
    • Europe: $28.055 billion (vs. $24,454 billion YoY)
    • Greater China: $20.497 billion (vs. $16.002 billion YoY)
    • Japan: $8.401 billion (vs. $7.298 billion YoY)
    • Rest of Asia Pacific: $9.138 billion (vs. $7.290 billion YoY)

    Apple’s board of directors has declared a cash dividend of $0.27 per share of the Company’s common stock, an increase of 4 percent. The dividend is payable on May 14, 2026, to shareholders of record as of the close of business on May 11, 2026. The board of directors has also authorized an additional program to repurchase up to $100 billion of the Company’s common stock.

    Apple will provide live streaming of its Q2 2026 financial results conference call beginning at 2:00 p.m. PT on April 30, 2026, at apple.com/investor/earnings-call. The webcast will be available for replay for approximately two weeks thereafter.

    According to consensus estimates tracked by FactSet, prior to earnings, Apple was expected to post adjusted earnings per share (EPS) of $1.95 and revenue was projected at $109.5 billion. Analyst forecast iPhone revenue of $56.5 billion and Mac sales were expected to come in at $8.12 billion. Greater China was projected at $19 billion.
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    Slight iPhone miss, but overall:
    Boom!

    We’ll have live notes from Apple’s conference call starting at 2:00 p.m. PDT / 5:00 p.m. EDT.

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    Source link: https://macdailynews.com/2026/04/30/apple-beats-second-quarter-results-with-record-quarterly-revenue-of-111-2-billion/