Apple Inc. faces securities fraud lawsuit over Siri AI features, but J.P. Morgan predicts potential increase

Apple Inc. faces a securities fraud lawsuit over alleged misleading statements about Siri’s AI features impacting iPhone 16 sales. J.P. Morgan sets a $230 price target for Apple, hinting at a 14.11% potential increase. Despite legal challenges, Apple’s stock price stands at $211.60 with a market cap of $3.16 trillion, showing resilience.