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Case filed against Apple for hiding drop in iPhone sales from investors

Shortpedia

Content Team
Image Credit: Shortpedia

A case has been filed against Apple Inc on Tuesday for hiding about the drop in the sales of iPhone from the investors. The lawsuit has accused it of securities fraud for making false statements and hiding crucial information about the company's sale from the investors. After the news of hiding the facts came out, the shares of the firm got affected. The lawsuit has now sought damages for investors.