$AAPL Expands into AI Robots and Smart Home, as a $490M China iPhone Settlement Weighs
Court: N.D. California
Case: 4:19-cv-02033
Apple is plotting a major artificial intelligence comeback with a slate of upcoming devices — including a tabletop AI robot assistant, home-security cameras, and a smart speaker with a display — aimed at revitalizing growth and countering perceptions it has lagged in generative AI. While these moves excite markets, Apple is still carrying the overhang of a $490 million settlement with investors over allegations it misled them about iPhone demand in China.
Key Product Developments
- Tabletop AI robot with lifelike Siri, targeted for 2027
- Smart display and entry-level home products launching in 2026
- New home-security cameras to rival Amazon Ring and Google Nest
- Integration of AI into redesigned Siri, powered by large language models
- Broader smart-home ecosystem to boost recurring revenue and brand stickiness
Timeline Overview
- Nov 1, 2018: Tim Cook says Apple faces sales pressure in some countries, but not China
- Jan 2, 2019: Apple cuts revenue forecast by $9B, citing U.S.-China trade tensions and weak China iPhone sales
- Jan 3, 2019: AAPL drops 10% on disclosure
- Apr 16, 2019: Investors sue over alleged misrepresentation of iPhone sales prospects in China
Allegations Include
- Hiding the impact of U.S.-China trade war on iPhone sales
- Downplaying effects of battery replacement discounts on new iPhone demand
- Misrepresenting business outlook in China despite internal concerns
Investor Update
Apple 
AAPL agreed to a $490 million settlement to resolve claims that Tim Cook and the company misled investors about declining iPhone demand in China, ending litigation tied to 2018–2019 disclosures.
You can check more information about it and file for a payout HERE.