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Information Technology : Technology Hardware, Storage & Peripherals | Large Cap Blend
Company profile

Apple Inc. designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players. The Company sells a range of related software, services, accessories, networking solutions, and third-party digital content and applications. The Company's segments include the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment includes European countries, India, the Middle East and Africa. The Greater China segment includes China, Hong Kong and Taiwan. The Rest of Asia Pacific segment includes Australia and the Asian countries not included in the Company's other operating segments. Its products and services include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings.

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Today's volume of 56,927,334 shares is on pace to be much lighter than AAPL's 10-day average volume of 97,829,016 shares.


Pomerantz Law Firm Achieves Victory on Behalf of Apple iPhone 4s Owners

9:05 pm ET October 7, 2020 (PR Newswire) Print

Pomerantz LLP achieved a significant victory on behalf of consumers in a case brought by iPhone 4s owners who downloaded Apple's iOS 9 operating system onto their devices. On October 7, 2020, Judge Sterling Johnson, Jr. of the United States District Court for the Eastern District of New York granted Plaintiffs' motion for class certification in Lerman v. Apple Inc., 15-cv-07381, (E.D.N.Y.).

The Court ruled that Plaintiffs met all the requirements for class certification under Rules 23(a) and 23(b)(3) of the Federal Rules of Civil Procedure and, therefore, certified classes for monetary relief on behalf of all iPhone 4s owners in New York and New Jersey who downloaded iOS 9 onto their devices from any version of iOS 7 or iOS 8.

Plaintiffs alleged in their complaint against Apple that iOS 9 harmed their iPhone 4s devices, causing their smartphones to be "slow and buggy," and to run significantly more slowly than they did before Plaintiffs downloaded iOS 9. In addition, Plaintiffs alleged that Apple misrepresented iOS 9 by telling consumers that the software update would enhance the performance of their devices, while failing to disclose that the update would slow them down significantly

In support of their arguments that iOS 9 slowed down their devices, and that the resulting harm can be shown through common proof, Plaintiffs cited in their briefs abundant evidence from Apple's own records and relied on the analysis of Plaintiffs' experts, derived during more than two years of class-certification discovery.

Pomerantz Partner Michael Grunfeld, Counsel for the Class, stated, "This decision vindicates Plaintiffs' strenuous efforts, since the initial filing of this case nearly five years ago, to seek redress for the harm that Apple caused them and other iPhone 4s owners by misleadingly providing a defective update for their devices. Now that a Class has been certified, Plaintiffs look forward to proceeding to the merits phase of this action."

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See

CONTACT:Michael SajkowiczPomerantz LLPmsajkowicz@pomlaw.com646-581-9995

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SOURCE Pomerantz LLP

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