Glancy Prongay & Murray LLP Announces Investigation on Behalf of Apple, Inc. Investors

Business Wire 26-Apr-2019 3:20 PM

Shareholders with $1,000,000 in losses or more are encouraged to contact the firm

Glancy Prongay & Murray LLP ("GPM") announces an investigation on behalf of Apple, Inc. ("Apple" or the "Company") (NASDAQ: AAPL) investors concerning the Company and its officers' possible violations of federal securities laws.

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

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com.

On January 2, 2019, after the close of the market, Apple announced that it would miss its previous quarterly revenue forecast for the first time in fifteen years and reported $84 billion revenue for first quarter 2019, compared to the expected range of $89 billion to $93 billion. The Company attributed the revenue miss to falling iPhone sales in China and to price cuts for iPhone battery replacements, which impacted iPhone sales.

On this news, Apple's share price fell $15.73 per share or over 9% to close at $142.19 on January 3, 2019, thereby injuring investors.

If you purchased Apple securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley F. Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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

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