Apple agrees to pay nearly half a billion dollars to investors over China sales

Published March 15, 2024 11:19pm ET



Tech giant Apple has agreed to pay almost half a billion dollars to investors on Friday, ending a nearly five year legal battle over allegations it exaggerated iPhone demands in China in 2018.

The $490 million settlement, which has been filed with the U.S. District Court in Oakland, California, will go to investors who bought shares between November 2018 and January 2019.

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