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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple    AAPL

APPLE

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DEADLINE MONDAY ALERT: The Schall Law Firm Announces it is Investigating Claims Against Apple Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

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06/17/2019 | 09:07am EDT

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Apple Inc. (“Apple” or “the Company”) (NASDAQ: AAPL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Both demand for Apple’s iPhones and its pricing power in greater China were negatively impacted by the U.S.-China trade war. Because Apple discounted the price of replacement batteries for certain iPhone models, a decision made due to the revelation that the Company was purposefully degrading the battery performance of these products, customers were replacing their batteries instead of purchasing a new iPhone, impacting sales growth. Apple slashed production of 2018 iPhone models and cut prices to reduce its current inventory. The Company also withheld unit sales for iPhones and other products, a metric long used by investors to judge the Company’s performance, in order to mask the decline in sales of the iPhone, Apple’s most prominent product. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Apple, investors suffered damages.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.


© Business Wire 2019
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Financials (USD)
Sales 2019 257 B
EBIT 2019 62 389 M
Net income 2019 53 335 M
Finance 2019 101 B
Yield 2019 1,47%
P/E ratio 2019 17,7x
P/E ratio 2020 16,0x
EV / Sales2019 3,24x
EV / Sales2020 3,15x
Capitalization 932 B
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Technical analysis trends APPLE
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 44
Average target price 212,51  $
Last Close Price 202,59  $
Spread / Highest target 23,4%
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Spread / Lowest Target -26,0%
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NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
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