$AAPL: Apple Eyes Google Gemini for Siri — But $490M Settlement Still Shadows

Court: N.D. California

Case: 4:19-cv-02033

Apple AAPL is reportedly exploring a partnership with Google’s Gemini AI to power a revamped Siri, signaling a major strategic shift away from fully in-house AI development. The move underscores Apple’s urgency to catch up in the AI race while the unresolved $490M investor settlement continues to weigh on sentiment.

• Apple testing Gemini AI vs. internal models for next-gen Siri.
• Siri overhaul delayed to 2026 after engineering setbacks.
• AI outsourcing trend mirrors Microsoft (OpenAI) and Amazon (Anthropic) strategies.
• Surge in demand expected for AI semiconductors and cloud infrastructure.
• Apple stock trades at $227.76, market cap $3.38T.

Timeline Overview

• Nov 1, 2018: Tim Cook downplayed China sales weakness.
• Jan 2, 2019: Apple cut revenue forecast by $9B due to trade tensions.
• Jan 3, 2019: AAPL plunged 10%.
• Apr 16, 2019: Investors filed suit over misleading iPhone demand disclosures.
• Aug 2025: Apple agreed to a $490M settlement to resolve claims.

Allegations Include

• Concealing falling iPhone demand in China.
• Downplaying trade war impact on revenue.
• Misleading guidance and growth forecasts.
• Battery replacement program masking weak sales.

Investor Update

The $490M settlement aims to close litigation, but highlights lingering trust issues. As Apple pivots its AI strategy, investors will watch closely whether outsourcing accelerates innovation — or introduces new risks.

You can check more information about it and file for a payout HERE.